Update on RodgersRodgers is 49 years old and married. His children are between 10 and 27 years old. He runs a retail shop that has been in operation for a period of eleven years, earning a monthly income of 18,000 KES.
He is now servicing his fourth term loan of 70,000 KES from KADET LTD after repaying the previous loans successfully. He intends to use this amount to purchase more stock to sell in the retail shop, e.g. sugar, maize flour, and packets of sweets.
The profit he gets will be used to repay the loan and pay school fees for his school-going children.
Previous Loan DetailsRodgers is 48 years old, married, and has six children. He runs a retail shop in his local trading center and has been in this business for 10 years earning a monthly income of 18,000 KES. Rodgers is applying for his second loan with KADET for 40,000 KES, which he will use to purchase stock o... More from Rodgers'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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Success!! The loan was 100% repaid