Update on JohnJohn is 60 years old and he has operated a retail business in Olkalou town for the last two years. He is married to Mary, who is a farmer, and together they have four children.
John was introduced to KADET LTD by one of the existing clients and this will be his second loan from KADET LTD. He plans to use this loan to buy more stock of sugar, tea leaves, cooking fat and baking flour for sale.
In the future, John hopes to grow his business and make more income and, thereafter, buy a piece of land and build rental houses.
Previous Loan DetailsJohn, 59, has operated a retail business in Olkalou town for the last two years. He is married to Mary, who is a farmer, and together they have four children. He was introduced to KADET Ltd. by one of the existing clients and this will be his first loan from KADET. He plans to use this loan to... More from John'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