Update on AliceAlice is a 36-year-old single mother of five children who are in school.
She is in a farming business in Ndunyu Njeru which she has practiced for eighteen years. Alice has applied for her third loan from Kadet Ltd. after paying her previous loans on time. She will use this loan to enable her to transport her vegetables to the market for sale. With anticipated profits, she plans to buy a car which she will then be able to use to transport her farming produce to the market.
In the near future she hopes to apply for bigger loans from KADET Ltd. to enable her to expand her farming business.
Previous Loan DetailsAlice is 36 years old and has five children who are in school. She has practiced farming in Ndunyu Njeru for the past 18 years and has applied for her second loan from KADET LTD to enable her to buy fertilizer and seedlings. She repaid her previous loan on time. She plans to pay school fees with ... More from Alice'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