Update on KennedyKennedy is 38-year-old man married to Benter. He comes from Kisumu town center in Kisumu county. He supports a family of five people and he is blessed with three children whose ages are twelve, seven and three years old.
He operates a music and movies disc selling business, which he has been doing for the last 5 years. He makes a monthly income of about KES 15,000. He is applying for his second loan with KADET LTD, which he will use to purchase blank DVDs and CDs to sell. He will use the anticipated profit to increase his business.
He has a dream of making his business become big so as to enable him to support his family.
Previous Loan DetailsKennedy is 36 years old, married, and has three children. He is from Kisumu City. Kennedy operates a music and movies disc selling business, which he has been doing for five years. He earns a monthly income of 10,000 KES. Kennedy is requesting his first loan from KADET LTD, which he will u... More from Kennedy'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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