Update on JuliusJulius still operates his motorcycle transport business. The business has grown by leaps and bounds, and now he earns a monthly income of KES 10,200. He is most thankful to KADET LTD and KIVA lenders, for making it possible for him to achieve this success. He is applying for a second business loan, which will enable him to buy another motorcycle and create employment for his relatives.
Previous Loan DetailsJulius is 42 years old, single and supports only his relatives. He has been a motorbike taxi businessman for the past year with a monthly income of KES 5,000. He is applying for his first loan from KADET after being introduced by an existing KADET customer. He will use the loan to buy another... More from Julius'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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