Update on BeatriceBeatrice is 43 years old mother from Homabay town in the western part of Kenya. She is married to Odalo and they have five children who are 22, 20, 17, 15 and 10 years old.
She has operated a beauty salon for the last 13 years and makes a monthly income of KES. 12,000.
Beatrice is taking out her fifth loan with KADET LTD, which will be used to purchase chemicals, hair oil and a drier. She will use the anticipated profit to grow her business.
Beatrice hopes to become prosperous and seeks to support her family.
Previous Loan DetailsBeatrice is a 42-year-old lady from Homabay town, Western Kenya, and is married to Jephason. They have children aged from seven to 21 years. Beatrice operates a beauty salon and has been doing this for the last 11 years, making a monthly income of KES 12,500. She is taking out her fourth loan ... More from Beatrice'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