Update on AnnAnn, now 35 years of age, used her previous loan to buy more stock of braids, hair chemicals and shampoo for use in her salon business. It was profitable and she was able to pay back the whole loan amount.
Besides the salon business, Ann runs a retail business that she has been operating for the past three years. She would like to use this loan to buy more stock of goods to sell in her retail shop. These include sugar, flour, bread, detergents and cooking fat, among other items.
She hopes to grow her business and open a wholesale shop, make more income and be able to educate her children.
Previous Loan DetailsAnn is thirty-four years old, married with two children. She has been earning a living from her salon business for the last six years with monthly income of KES 5,600. She has applied her second loan of KES 20,000 from KADET LTD, which she plans to use to purchase more stock of braids, hair ch... More from Ann'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