Update on DorcasDorcas is 56 years old and married to David, who contributes to the family income. They have five children who still depend on them. She has been operating her retail shop for a period of about 13 years with an income of approximately KES 30,000 a month.
This is her fifth loan from KADET LTD after successfully repaying the previous one. She wants to use the loan to buy rice, sugar, soap, shoe polish, and toothpaste in bulk to stock her business. She hopes to be a leading businesswoman in the region.
Previous Loan DetailsDorcas is fifty-five years old and married with two children. She runs a retail shop. She has been in this business for ten years earning a monthly income of fifty thousand shillings. This will be her third loan with KADET LTD. She plans to use it for purchasing stock of sugar, flour, and rice... More from Dorcas'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