Update on SophiaSophia has since repaid her previous loans successfully and this marks her third borrowing. She will use the loan to renovate her food stall and parking yard for her clients. She hopes to continue serving her clients well, since the parking yard will also be rented at night for those who do not have car parking but have cars. She hopes to prosper in both her businesses.
Previous Loan DetailsSophia is 56 years old and married. She has owned and operated a food stall in Bamburi, Mombasa, for the past ten years. This marks Sophia's second business loan from KADET LTD. She plans to use it to purchase foodstuffs, new chairs, tables and serving dishes. Sophia will use the anticipated pr... More from Sophia'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