Update on James WanyoikeJames used his previous loan amount to build a new workshop in Naivasha town. This saw his business grow and he made more income and was able to pay all the loan amount. From the workshop, he makes carpentry items such as wall units, tables, chairs and beds.
He plans to use this loan amount to buy carpentry materials, like timber, nails, toolboxes, sandpapers, paint and brushes for painting among other things. With the anticipated profits, he plans to pay school fees for his children.
In the future, James would like grow his business, make more income and to be able to provide for the needs of his family.
Previous Loan DetailsJames has operated his metal works shop in Naivasha town for the past three years. He is 55 years old, married, and has four children. He was introduced to KADET by one of the field officers and this will be his fourth loan. He repaid all his previous loans in a timely manner. He plans to use th... More from James Wanyoike'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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