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Lonkisa

Update on Lonkisa

Lonkisa is a mixed farmer in Narok where he practices wheat, maize and animal farming. With this third loan of KES 70,000 from KADET LTD, he plans to purchase farm inputs for his farm. The anticipated profits will be used to settle basic needs and pay school fees for his children. His future dream is to be financially stable and improve his family's living standards.

Previous Loan Details

Lonkisa O. K. is 36 years old. He is married with one child. For the past five years, Lonkisa has been farming in Narok town and earns a good income. He learned about KADET LTD from the KADET staff. He is applying for his second loan to buy farm inputs. He hopes to use the profit from the… More from Lonkisa'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
  • 327
    View loans »
    Kenya Loans Fundraising
  • $38,107,150
    Funds lent in using Kiva
  • 81.9
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Lonkisa buy farm inputs.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 15, 2012
Listed
Mar 19, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013
This photo was used before for a previous loan for Lonkisa. It was first posted on Kiva on Mar, 2011. Learn More