Update on PeterPeter is 30 years old. He is married to Jacinta and together they have a five-year-old child. He has been in motorcycle transport for the past three years.
This will be his second loan from KADET LTD. He repaid his previous loan well and in good time. He will use the loan amount to purchase another motorcycle, to boost his business.
He hopes to purchase a taxi vehicle which he believes will improve his living standard.
Previous Loan DetailsPeter has a motorcycle transport business in Nakuru town and has been in the business for the past three years. He is 30 years old and has one child who is five years old. This will be his first loan from KADET LTD. He plans to use this loan amount to service and repair his motorcycle so that ... More from Peter'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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