Update on FeiruzThis marks Feiruz's second borrowing from KADET Ltd., after servicing her loan successfully. She will use the loan to purchase bales of assorted shoes for her stock. Her clientele has grown immensely, and she is doing great.
She will use the proceeds to service her loan and open a retail shop for her shoes, and she hopes to become an international business lady in the future.
Previous Loan DetailsFeiruz is a 24-year-old business lady who sells shoes in Mombasa. She is a married mother of one and has been selling shoes for the past two years with success. This marks her first business loan from KADET LTD. She plans to purchase more shoes to sell to her customers. She will use the anticipated… More from Feiruz'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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