Update on PaulPaul is a man of 34 years. He is married to Pauline and is a father of three children. He runs a taxi business in Kangemi and has been in this business for five years now. He gets a monthly income of 35,000 Kenyan shillings.
This will be Paul's second loan with KADET LTD. He plans to use the entire loan to buy taxi accessories and also take the taxi for full service. In the future, he wants to educate his children.
Previous Loan DetailsPaul is 33 years old and married to Pauline. He is a father of three. Paul operates a taxi in Kangemi and has been doing so for four years now. He earns a monthly income of KES 30,000. He is applying for his first loan from KADET LTD. He plans to buy new spare wheels for his taxi. In the... More from Paul'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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