Update on JaneJane is now 51 years living happily with her family members. Her clothing business has improved and her monthly income is KES. 32,000.
She has now requested to borrow her third loan of KES 70,000 from KADET LTD. She intends to use this amount to purchase new clothing for men, ladies and children. The profits she earns will be used to pay back the loan and the rest will pay school fees for her children.
Her dream is develop her plot of land and build residential houses to rent out.
Previous Loan DetailsJane is 50 years old and married with four children. Her husband is a teacher and brings in additional income to sustain the family. Jane runs a boutique shop in Kapsabet, a business which has been in operation for five years, earning Kenya shillings 30,000 monthly. This is her second loan with… More from Jane's previous loan »
About VisionFund KenyaVisionFund Kenya is dedicated to economically empowering its clients by providing financial services to improve living conditions of micro-entrepreneurs and their children across Kenya. VisionFund Kenya is the microfinance subsidiary of World Vision Kenya. Obtain more information on VisionFund Kenya from its website.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid