Update on ChrispineChrispine is a 32-year-old man from Homabay Town in the western part of Kenya. He is married to Zipporah, who is a business lady, and he has two children who are 6 and 1 year old.
He sells fish at the market, a business he has been doing for the last 13 years. He makes a monthly income of KES 15,000.
He has applied for his second loan with KADET Ltd., which he will use to purchase a new motorbike to help in running his business. He will use the anticipated profit to pay back the loan and increase the value of his stock.
His dream is to be financially stable.
Previous Loan DetailsChrispine is a 30 year old man from Homabay town, West of Kenya and is married to Zipporah. They have a son who is 4 years old. Chrispine operates a fish selling business, a business he has been doing for the last 11 years making a monthly income of KES 15,000. He is taking his first loan from… More from Chrispine'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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