Update on IsaacIsaac is 29 years old married and supports six people, he runs an Electronic retail shop and a general merchandise retail shop in Kapsabet town.He has been in these business for the last two years of which he gets a monthly income of KES. 30,000.
He has borrowed a loan of KES. 60,000 from KADET LTD and he intends to purchase stock for his retail shop e.g sugar, salt, wheat flour, maize flour, bar soaps, washing powder among other items.
He anticipates getting profit of which he will use to expand his business as well as save for future use.
His dream is to expand his business to a chain of supermarkets.
Previous Loan DetailsIsaac is requesting his third loan of KES 60,000 from KADET LTD after paying the previous loans successfully. He wishes to use this amount to purchase phone accessories, power cables, extension cords, electric bulbs, and fuses. The anticipated amount will be used to plough back into the… More from Isaac'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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Success!! The loan was 100% repaid