Update on ElizabethElizabeth,now 29 years old,married and with one child,used her previous loan amount to buy stock of shoes and clothes for sell in her boutique business.It was profitable and she was able to pay back all the loan amount.
This will be her third loan and she plans to buy more stock of shoes and fabric materials for making dresses for sell.This will enable her to meet the demands of her customers as well as make more profits with which she plans to pay school fees for her child.
In future,Elizabeth hopes to grow her business and open another boutique business.
Previous Loan DetailsElizabeth is 27 years old and married to Benson. They have one child. Elizabeth has been operating a boutique for the last three years in Emali town. Elizabeth was introduced to Kiva partner KADET by a friend who is also a KADET client. This is will be her first loan. She intends to use the loa... More from Elizabeth'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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