Update on PeterPeter is a 35-year-old businessman. He is still doing a motorcycle transport business, which is doing well. He bought a motorcycle with the previous loan. His wife has also been doing dairy farming and crop farming and their family income has increased.
Peter made a profit from the previous loan. He bought a pig and paid school fees for his two children. He is applying for his second loan term from KADET LTD, after repaying the previous loan successfully. Peter will use the loan to buy farm inputs like fertilizer and pesticides, and also dairy feed. With the anticipated profit from the business, he will expand his pig farming project.
His hopes and dreams are to buy a big piece of land, buy three dairy cows and 50 pigs, and improve the living standard of his family.
Previous Loan DetailsPeter is 34 years old, he is married and blessed with two children. He has been operating a motorcycle transportation service for the past three years with a monthly income of Kes 10,000 which he uses to support his family. He is applying for his first loan with KADET after being introduced by... More from Peter'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