Update on HenryHenry is 32 years old, married and has two children. He has a pharmacy. He has been in the business for the past four years.
This is his fourth loan with VisionFund Kenya. He has applied for his fourth loan of KES 60,000 and he plans to use the amount to buy more stocks of drugs and injections to sell in his business.
He will use the generated income to pay the loan and save for future use. He hopes to expand his business by opening other branches and be a top pharmaceutical technologist.
Previous Loan DetailsHenry is 30 years old, married and has one child. He has a pharmacy on Thika Road area in Nairobi. He has been in the business for the past three years. This is his third loan with KADET LTD, and he plans to use the amount to buy more stock of medicines to sell in his business. He will use the… 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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