Update on AmonAmon is doing well in his tea-selling business in Nandi County. He has been repaying his previous loan well and is borrowing 30,000 Kenyan shillings to start a new business to boost his income.
He will use this loan to buy a dairy cow. With the remaining amount, he will buy milk for resale and pay for a business permit and licences, among other costs that he may incur.
His hope and dream is to expand both of his businesses to a level at which he will be able to employ people to work for him. He also hopes to meet his family's financial needs.
Previous Loan DetailsAmon is twenty years old, married, and supports two members of his family. He runs a tea-selling business in Chemundu location and is served by Kadet Kapsabet Branch. He has been in this business for the last one and a half years. From this business he gets a monthly income of Kshs. 10,000. He has… More from Amon'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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