Update on Samuel King'oriSamuel is 36 years old. He is married to Sarah, 33 years old, who is a farmer. Together they have four children aged 12, 10, six and one year old. He is a dairy farmer and has been in the business for the past eleven years. He gets a monthly income of KES 6,700 from his business.
This is his third loan with KADET LTD. He will use the loan amount to purchase a dairy cow and animal feed. From his previous loan he managed to purchase a dairy cow that has helped him increase milk production for sale. He also managed to purchase a piece of land from the sale of milk.
He hopes to purchase more land to practice dairy farming on a large scale.
Previous Loan DetailsSamuel has practiced dairy farming in Ndunyu Njeru town for the last 10 years. He is 35 years old, married to Sarah Wambui and they have four children. He heard about KADET from one of our credit officers and this will be his second loan. He paid for his first loan of Kshs 20,000 well and in... More from Samuel King'ori'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
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Jan 18, 2012
- Feb 5, 2012
- Currency Exchange Loss:
- Aug 16, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.