Update on GladysGladys is a 51 year-old single mother. She sells cereals, and now beauty products as well. She has been in the cereals business for thirteen years and gets a monthly income of forty thousand shillings.
This will be Gladys' third loan from KADET LTD., and she plans to use it to expand her cereal business by purchasing more cereals. She also wants to revamp her cosmetics shop. In the future, Gladys looks forward to opening her own wholesale shop.
Previous Loan DetailsGladys is a 50-year-old single lady and a mother of one child. She sells cereals and has been in the business for 12 years. She earns a monthly income of 30,000 shillings. This will be her first loan from KADET LTD. She plans to use the entire loan to increase her stock of beans, green grams,... More from Gladys'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