Update on AnnAnn is a 42-year-old lady, married to Ezekiel and the mother of four. She is a tailor and has been in business for six years, with a monthly income of KES 35,000. This will be Ann's seventh loan from KADET LTD. She has repaid all her other loans successfully, and she plans to use the entire loan to buy three new sewing machines, so that she can increase her production. In the future, she wants to open a tailoring school and empower others like herself, who have a passion for tailoring.
Previous Loan DetailsAnn, aged 41, is married to Ezekiel and blessed with four children aged between 5 and 20 years old. Ann does tailoring, which provides her with a monthly income of KES 30,000. This is Ann's sixth loan from KADET LTD and she has successfully repaid the previous loans. She will use the funds to ... More from Ann'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