Update on KennethKenneth is doing well in his businesses and he has been servicing his loan well. He has borrowed a loan of KES 100,000. He would like to buy 20 bags of maize and ten bags of beans for resale during this period of harvesting. Kenneth will use the anticipated profits to buy more stock for his business. He is currently earning a monthly income of KES 45,000.
Previous Loan DetailsKenneth is 29 years old, married, and supports a family of two. He runs a retail shop and trades in livestock at the Labuiywo trading centre in Nandi County, which is served by KADET Ltd’s Kapsabet office. This has been his income-generating business for the past four years. He receives an averag... More from Kenneth'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