Update on JamesJames used his previous loan amount to purchase firewood for sell in his firewood selling business.It was profitable and he was able to pay all the loan amount.Besides the firewood business,James has a bicycle repair business in the same area.He also sells bicycle spare parts to various bicycle users.
This being his third loan term,he plans to use the loan amount to buy bicycle spare parts for sell and use in his business.He also plans to use part of the loan amount to buy more stock of firewood for sell in his firewood business.
He hopes to grow both the bicycle repair and firewood businesses and make more income hence,be able to provide good education for his children.
Previous Loan DetailsJames is 56 years old and is married with eight children. His wife contributes additional income to the family. James has been in business for 13 years and currently has a monthly income of 3,300 KES. This loan will be used to purchase firewood to sell. The anticipated profit will be used to… More from James'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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