Update on AmonAmon still sells tomatoes, and the business is doing well. He is grateful to KADET LTD for supporting him financially, a gesture that has boosted his business to its present level. He has started a motorcycle transport business, to supplement his income. He now earns a monthly income of KES 15,000.
He is requesting another business loan, which he will use to purchase tomatoes, in bulk, to supply to his growing number of customers. He will use the proceeds from the business to invest for his children's education.
Previous Loan DetailsAmon is a 40 year-old a businessman. He is married to Eunice, a business lady. They are blessed with four children. He has been selling tomatoes for the past three years with the monthly income of KES 10,000, which he uses to support his family. He is applying for his third loan from KADET LT... More from Amon'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