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Edward

Update on Edward

Edward is 32 years old, single and resides in Narok, Kenya. He is a mixed farmer, which he has been doing for the past eight years. He knew KADET through a registered client with KADET.

He has been a good client and this is his third loan. He has planned to use it to prepare land for farming and to buy farm inputs like maize seeds and fertilizers.

He hopes to make a profit and use it to reinvest in other business. He is an assiduous man who can do more if funded.

Previous Loan Details

Edward is 31, married, and has two children. He has been a farmer for the past three years. He has applied for 50,000 Kenyan Shillings (KES) which he will use to buy farm inputs like seeds and fertilizer. With the anticipated profits generated he plans to pay school fees for his children. He ... More from Edward's previous loan »

Additional Information

About VisionFund Kenya

VisionFund 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.

About Kenya

  • $1,800
    Average annual income
  • 680
    View loans »
    Kenya Loans Fundraising
  • $42,247,450
    Funds lent in using Kiva
  • 86.0
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Edward to buy farm inputs like seeds and fertilizer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 4, 2012
Listed
Jan 24, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2012
This photo was used before for a previous loan for Edward. It was first posted on Kiva on Sep, 2011. Learn More