Update on JohnJohn used his previous loan amount to buy a dairy cow and it has been profitable. Besides dairy farming, he has a retail shop from which he makes extra income thereby enabling him to provide for his family's needs.
This will be his second loan and he plans to buy more stocks of flour, rice, sugar and cooking oil for sale in his shop. With the anticipated income, he plans to pay school fees for his children.
In the future, John hopes to become one of the best farmers in the area as well as open a wholesale shop.
Previous Loan DetailsJohn is 46 years old from Ndunyu-Njeru and is married to Njeri. They have four children who are all in primary school. John is a farmer and has cows that he sells and also gets milk for sale. He is applying for his first loan from KADET LTD to enable him to buy another dairy cow. He hopes to ... More from John'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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