Update on KibetKibet is still married to Hellen and their four children are growing well. He is still in the livestock business and right now he has asked for a higher loan that he plans to use to purchase a solar kit.
This will be second loan after repaying the previous loan well. The solar kit can be used to charge phones, which will increase his income, to listen to the radio and also for lighting, which will be beneficial in saving on the cost of buying paraffin. He plans to use the additional profits to repay the loan and grow the numbers of his livestock.
His still hopes to build houses for rental on his plot as he was not able to achieve that with the previous loan.
Previous Loan DetailsKibet is 38 years old and married with four children between eight years and two years old. His spouse is a business lady who supports him in meeting some of the family's financial needs and other obligations. He is a livestock trader who started this business two years ago. He gets a profit of… More from Kibet'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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