Update on PeterPeter is 47 years old and married to Dorothy. Together they are blessed with five children aged between 20 and 10 years old.
Peter is in a shoe-selling business in Naivasha. He has been running the business for two-and-a-half years. He has applied for a second loan from VisionFund Kenya after repaying his previous loan on time.
This loan will enable him to buy a stock of shoes for sale. With the anticipated profit from his expanded business, he plans to invest more in his business.
In the near future, he hopes to build rental houses and also his own residential house.
Previous Loan DetailsPeter is 47 years old. He is married to Dorothy and they have five children who are in school. He is in a shoe-selling business in Naivasha which he has operated for two years and has applied for first loan from Kadet Ltd. to enable him buy shoes and school bags. With the anticipated profit, h... More from Peter'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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