Update on MilkaMilka is a 38-year-old woman, who is married to John and is the mother of three children. She is a hair dresser and also runs a cosmetic shop in Limuru. She has been in this business for four years now and gets a monthly income of 28,000 KES.
This will be Milka's fourth loan from KADET LTD. She has repaid all her other loans successfully. She plans to use the entire loan to buy hair products for her business. In the future she wants to buy land and build rental houses, and also educate her children.
Previous Loan DetailsMilka is a 37-year-old woman who is married and a mother of two beautiful children. Her husband has a transport business and supports the family financially. Milka is a hairdresser who operates a salon and cosmetic shop. She has been in this business for three years, with a monthly income of 27,5... More from Milka'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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