Update on HenryHenry is a 36-year-old man, he is married to Mary and a father of three children. He is a milk vendor in Highrise area in Nairobi. He has been in business for 15 years and gets a monthly income of 32,000 Kenyan shillings (KES).
This will be Henry’s second loan with Kenya Agency for Development of Enterprise and Technology (KADET). He plans to use the money to purchase milk. In future, he would like to expand his business to educate his children.
Previous Loan DetailsHenry is 36 years, married to Mary, and the father of three children. He is a milk vendor, and has been in this business for 15 years. He gets a monthly income of 30,000 shillings. This will be Henry's first loan with KADET LTD; he plans to use the entire amount to renovate his milk shop and ... More from Henry'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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