Update on MilkahMilkah is happy that her previous loan helped her a lot, as she was able to have a bountiful harvest during the past planting season.
Milkah has applied for another loan from KADET LTD to enable her buy a cow that will help her get milk that she can sell. She is optimistic that her business will do better after the loan.
She hopes that her business will expand in the near future.
Previous Loan DetailsMilkah has practiced farming in Ndunyu Njeru town for the last three years. She is 36 years old and the single mother of five school-going children. She was introduced to KADET by one of our field officers and this will be her first loan. She plans to use the loan amount to buy potato seeds a... More from Milkah'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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