Update on Peter NjorogePeter used his previous loan amount to buy two dairy cows and this increased his profits. He was able to repay the loan amount well and in good time.
Being a mixed farmer, he plans to use this fourth loan amount of Kenya shillings 30,000(KES) to buy seeds, fertilizer and chemicals for use in his farm. He also plans to use part of the loan amount for ploughing and land preparation in readiness for planting during this rainy season.
In the future, Peter hopes to expand his farming business and get more income. This will enable him improve the living standards of his family.
Previous Loan DetailsPeter Njoroge J. is 42 years old, married to Ruth Wanjiru, and they have four children. He has practiced farming in Ndunyu Njeru for over eighteen years now.
Peter was introduced to KADET LTD by his friend, and this will be his third loan. He cleared all his previous loans well and in good… More from Peter Njoroge'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