Update on JosephJoseph is 39 years old and married to Rose. He is the father of two children., he operates taxi business in Kangemi, and he has been in this business for five years now. He gets monthly income of KES 40,000.
This will be Joseph's fifth loan with KADET LTD. He plans to use the entire loan to buy four tires for the taxi and also to take the taxi in for servicing.
In future he wants to improve his living standards.
Previous Loan DetailsJoseph is now 38 years old and happily married to Rose. They are blessed with two children. He is a taxi operator and will use the loan to buy a new engine and other spare parts for his taxi. Joseph has been in this business for four years now. This will be his fourth loan with KADET LTD. He w... More from Joseph'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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