Update on KimemiaKimemia, a farmer in Olkalau town, used his previous loan amount to purchase fertilizer and seedlings for planting. It was profitable and he was able to pay back all of the loan amount in good time.
This being his third loan term, he plans to use the amount to buy fertilizer, maize and potato seeds for planting. Due to the high demand for potatoes and maize in the region, he anticipated to make more profits with which he will use to pay school fees for his children.
Kimemia hopes to grow his farming business by investing in zero grazing. He also hopes to buy a plot of land and build rental houses.
Previous Loan DetailsKimemia is 62 years old married to Naomi and they have three children. He is a farmer and has been in the business for the past four years. This is his second loan with kadet ltd. He paid his previous loan well and in good time. He will use the loan amount to purchase fertilizer and seedlings ... More from Kimemia'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.
618View loans »