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Mburu

Update on Mburu

Mburu is a 52 year old mixed crop farmer. He is married to Jacinta who is also a farmer. They are blessed with a five year old child. He has been in the farming business for the past three years with a monthly income of KES 10,500, which he uses to support his family.

Mburu is applying for his second loan term with KADET LTD., after repaying the previous loan successfully. Mburu will use the loan to buy seedlings, fertilizer and water pipes for his farm.

With the anticipated profit from the business, he will educate his children. His hopes and dreams are to export his farm produce.

Previous Loan Details

Mburu is 50 years old. He a farmer; he is married to Jacinta who is a housewife. They are blessed with ten children. He has been in the farming business for the past eleven years. He earns a monthly income of KES 10,000 which he uses to support his family. He is applying for his third loan wit... More from Mburu'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
  • 935
    View loans »
    Kenya Loans Fundraising
  • $41,060,325
    Funds lent in using Kiva
  • 84.2
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Mburu to buy fertilizer, seedlings and watering pipes.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 24, 2012
Listed
Sep 14, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2012
This photo was used before for a previous loan for Mburu. It was first posted on Kiva on Jul, 2011. Learn More