Update on AndrewAndrew, now 27 yeard old, is able to support his elderly parents. His livestock business is doing well, thus he has improved his cash flow. Andrew has successfully paid off his previous loan. He has now advanced a second loan of KES 45,000, which will facilitate the purchase of more livestock for resale.
Andrew plans to use the increased proceeds to diversify into crop farming.
Previous Loan DetailsAndrew is 26 years old, single, and not supporting anybody. He has been in his business for the last two years with a monthly income of 50,000 Kenyan shillings. Andrew will be using this loan to purchase sheep and goats. With the anticipated profits from his expanded business, he will buy a ve... More from Andrew'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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