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Lonkishu Ole

Update on Lonkishu Ole

Lonkishu is taking out his second loan of KES 30,000 from KADET LTD that will facilitate his land preparation and purchase of farm inputs to help get better yields.


He intends to use anticipated profits to support the business and provide for basic family needs. His future dream is to be financially stable.

Previous Loan Details

Lonkishu Ole M. is 52 years old. He is a married father of 12 children. He has been farming for the last ten years. His farm is in a productive area which has proved to be good for wheat farming. He learned about KADET LTD through a marketing campaign done by KADET staff in his area of residen... More from Lonkishu Ole'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
  • 1048
    View loans »
    Kenya Loans Fundraising
  • $40,893,425
    Funds lent in using Kiva
  • 82.9
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Lonkishu Ole to prepare his wheat farm for the next season of planting and buy farm inputs.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 31, 2012
Listed
Mar 7, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2012
This photo was used before for a previous loan for Lonkishu Ole. It was first posted on Kiva on Mar, 2011. Learn More