Update on Rahab WanjaRahab used her previous loan to buy seeds and fertilizer for planting. She was able to plant and have a very profitable harvest. Rahab repaid the loan well and in good time.
This will be Rahab's fourth loan, which she plans to use to buy seedlings, fertilizer and spraying chemicals. In the future, Rahab hopes to become among the best farmers in the Ndunyu Njeru area.
Previous Loan DetailsRahab is 47 years old and a single mother of three children. She has practised farming in Ndunyu Njeru town for the last 23 years. She was introduced to Kiva partner, KADET, by one of our field staff and this will be her second loan. She paid her previous loan of 60,000 KES well and in good time.… More from Rahab Wanja'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