Update on Willis OtienoWillis is 39 years old and he is from Coner Mbuta in Manyatta location within Kisumu city, which is found in the western part of Kenya. He is married to Rehema and they have four children who are 13, 11, nine and seven years old.
Willis has a retail shop that he has made to be a wholesale store. This business has been running for the past 12 years and comfortably generates a monthly income of KES. 40,000. He has applied for his third loan with KADET LTD, which he will use to open a new milk center, where he wants to be a supplier in the area. He will use the anticipated profit to put back into the business.
He has a dream of having a stable wholesale shop so as to earn more income, which will help him provide for his family.
Previous Loan DetailsWillis Otieno is 37 years old from Corner Mbuta in Kisumu county. He is married to Rehema and they have four children who are all boys. Willis has a retail shop that he has been running for the past seven years and is in need of new stock. He has therefore applied for his first loan from KADET... More from Willis Otieno'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