Update on SabinaSabina used her previous loan to buy hair chemicals, braids, and facial chemicals for use in her salon business. It was profitable, and she was able to pay the loan.
This will be her second loan from KADET LTD, and she plans to use it to buy hair accessories such as hair braids, hair bands, hair clips as well as a blow drier for use in her salon business. Sabina anticipates making more profits to pay school fees for her children.
She hopes to grow her business and open another salon.
Previous Loan DetailsSabina is twenty-five years old, married to Charles who is a businessman, and they have one child who is three years old. She runs a beauty salon and she has been in this business for six years, earning a monthly income of seven thousand shillings. This will be her first loan from KADET LTD a... More from Sabina'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