Update on SophiaSophia used her previous loan to buy fertilizers and seeds for planting in her farm. She was able to plant and harvest the seeds, enabling her to earn a nice profit. She paid all the loan payments on time for her previous loan.
This will be Sophia's second loan. She plans to use the amount to buy fertilizers and herbicides for planting during the planting season. She also plans to use part of it for land preparation and labor purposes.
In the future, Sophia hopes to expand her farming business and earn more income, enabling her to provide a good education for her children.
Previous Loan DetailsSophia has practiced farming for the last six years. She is 54 years old, married to Peter and they have three school-going children. She was introduced to KADET by one of our field officers and this will be her first loan. She plans to use the loan amount to buy seeds and fertilizer. I... More from Sophia'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