Update on Margaret WanjiruMargaret used the second loan to buy seeds and fertilizer for use in her farm during the planting season. She planted and harvested and it was very profitable.
She paid the loan well and in good time.
This will be her third loan and she plans to use the loan amount to buy seeds and fertilizer as well as spraying chemicals for use during this planting season.
In the future, Margaret hopes to become one of the leading farmers in the Ndunyu Njeru area.
Previous Loan DetailsMargaret is 42 years old and a single mother of four children. She has practised farming in Ndunyu Njeru town for the last 15 years. She was introduced to Kiva partner, KADET, by her friend and this will be her second loan. She paid her previous loan of 31,500 KES well and in good time. She plans… More from Margaret Wanjiru'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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