Update on PhillisPhillis is a 52-year-old woman. She is married to Manyara, and they are blessed with three children. She owns a boutique shop and also sells mattresses in Magina in the outskirts of Limuru. She has been in the business for four years now and gets a monthly income of 17,000 Kenyan shillings.
This will be Phillis' fifth loan with KADET LTD. She plans to use the entire loan to buy more clothes for selling as well as mattresses. She would wish to expand the business further so as to educate her children consistently. In the future, she wants to buy a plot for her children.
Previous Loan DetailsPhillis is 51 years old and blessed with three children, age 14, 16 and 19. She operates a boutique in Magina in the outskirts of Limuru town. Phillis has been in this business for three years now and she gets a monthly income of 24,000 KES. This will be Phillis' third loan with KADET Ltd.... More from Phillis'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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