Update on RoseRose is 39 years old, married to Nebati and a mother of four children. She sells clothes in Ruaka in the outskirts of Kiambu town. She has been in this business for three years now and gets a monthly income of 10,000 shillings.
This will be Rose's second loan with KADET LTD. She plans to use the entire loan to buy more stock of clothes to sell. In future she wants to be a successful business lady and also improve her family's standard of living.
Previous Loan DetailsRose is thirty eight years old and married with four children. She sells clothes by hawking and has been in business for two years She earns a monthly income of KES. 8,000. This will be her first loan with KADET LTD, and she plans to use it to purchase more clothes. She intends to use the… More from Rose'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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