Update on RachaelRachael has a stationery business and also supplies eggs in Nakuru. She has applied for her second loan from Kadet Ltd. to enable her to buy eggs for resale. She repaid her previous loan on time. With her anticipated profit, she hopes to pay school fees and pay back the loan.
She hopes to buy a pickup in the near future.
Previous Loan DetailsRachael is 43 years old, married with four children, who are all in school. She lives in Nakuru. Rachael has a business of selling stationery, which she has been doing for the past eight years. She has applied for her first loan from KADET LTD, to enable her buy magazines and printing papers t... More from Rachael'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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