Update on Samuel WambuguSamuel used his previous loan amount for the harvesting of his maize. He was able to harvest and sell, and it was very profitable. He repaid all the loan amount well and in good time. Besides farming, he also runs a retail shop business.
He plans to use this loan amount to buy fertilizer and seedlings for planting during this planting season. He also plans to use part of the loan amount to buy more stock of wheat flour and washing detergent to sell in his shop.
In the future, Samuel hopes to expand both his farming and business and thereby make more income and improve his family’s living standards.
Previous Loan DetailsSamuel has practiced farming in Olkalou since 1993. He is 42 years old, married to Hannah Njoki, and they have two children. He was introduced to KADET LTD by his friend and this will be his second loan. He repaid his previous loan well and in good time. He plans to use the loan amount to ha... More from Samuel Wambugu'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