Update on HermanHerman is 68 years old and widowed. He sells chicken in Kangemi, which he has been doing for nine years. He earns a monthly income of 60,000 KES.
Herman is requesting his fourth loan from KADET LTD, which he will use to increase his stock of chickens to sell. In the future, he wants to open more shops.
Previous Loan DetailsHerman is a 66-year-old widower who operates a butchery. He has been in this business for the past six years. Herman was introduced to Kiva partner, KADET LTD, by a KADET client. This is his second loan. He paid his previous loan well and in good time. He intends to use his loan to buy 170 piece... More from Herman'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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