Update on Esther WanjikuEsther used her previous loan to buy heifer cows for rearing and selling. It turned out to be profitable and she was able to pay all the loan amount.
This will be her ninth loan and she plans to use the amount to buy a heifer cow as well as fertilizer and seeds for planting on her farm. With the anticipated profits she plans to pay school fees for her children.
In the future, Esther hopes to become one of the top horticulture farmers in Ndunyu Njeru town.
Previous Loan DetailsEsther has practised farming in Ndunyu Njeru town for the last four years. She is 32 years old, a single mother of one child. She was introduced to KADET LTD by her friend and this will be her third loan. She repaid all her previous loans well and in good time. She plans to use the loan… More from Esther Wanjiku'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