Update on CosmasCosmas is 37 years of age, married, and blessed with three children. He sells vegetables in Kangundo town and has been in this business for seven years. He also runs a retail shop. He currently makes an estimated monthly income of KES.32,800.
This will be his third loan and he plans to use it to buy more vegetables, tomatoes and potatoes to sell. He also plans to buy more retail goods such as sugar, bars of soap and rice to sell in his retail shop. He has applied for a loan of KES.60,000.
He will use the anticipated income to pay school fees for his children. Cosmas hopes to open a supermarket and educate his children to higher levels.
Previous Loan DetailsCosmas is 36 years of age, married and blessed with three children. He sells vegetables in Kangundo town and has been in this business for 10 years. He also runs a retail shop. This will be his second loan and he plans to use it to buy more vegetables, tomatoes and potatoes to sell. He also… More from Cosmas'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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