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Patrick

Update on Patrick

Patrick is now 38 years old. He is still married to Sirote, and their children are growing up well and are now aged 10, 8 and 3 years. Currently, his monthly income has increased to 8,000 Kenyan shillings, and this is able to cater for his family’s basic needs.

This is his fourth KADET loan, which he plans to use to buy farm supplies and buy more livestock. He plans to use the anticipated profits to expand his farm.

He dreams of having a better life in the future.

Previous Loan Details

Patrick is 36 years old. He is married and has three children. He has been a farmer for the last five years. Patrick learned about KADET Ltd through advertisements done by KADET. He has been a good client who repays his loan well. Patrick has applied for a loan of KES 60,000 to buy farm su... More from Patrick's previous loan »

Additional Information

About VisionFund Kenya

VisionFund 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.

About Kenya

  • $1,800
    Average annual income
  • 940
    View loans »
    Kenya Loans Fundraising
  • $41,750,050
    Funds lent in using Kiva
  • 84.2
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Patrick to buy farm supplies and animals.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 17, 2012
Listed
Aug 31, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013
This photo was used before for a previous loan for Patrick. It was first posted on Kiva on May, 2011. Learn More