Update on VeronicahVeronicah is 35 years old. She is single and has been blessed with four children. She sells scrap metal and also does farming. Veronicah has been running her business for seven years now. Currently, Veronicah makes an estimated monthly income of KES 16,900.
Veronicah would like a loan of KES 40,000 to buy a motorbike. This is her fifth loan term from VisionFund Kenya and she has successfully repaid all her previous loans. Her anticipated profits will be used to build her business.
Previous Loan DetailsVeronicah is 29 years old and a single mother of four children. She grows cash crops to sell in Kangundo town. These includes maize, beans, and vegetables. Besides farming, she also sells scrap metal. She has been in these businesses for four years and right now her monthly income is 40,000 KES. ... More from Veronicah'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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