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Boniface

Update on Boniface

Boniface is 42 years old and still practicing mixed-crop farming. He has been in the farming business for the past 21 years as his primary business. He also offers motorcycle service as his secondary business and earns a monthly income of KES 20,000 to support his family.

Boniface bought fertilizer and seedlings with the previous loan. His farm did well and his income level increased. He is applying for his second loan term from KADET LTD after repaying the previous loan successfully.

Boniface will use the loan to buy seedlings and fertilizer. With the anticipated profit from the business, he will educate his children. His hopes and dreams to export his farm produce.

Previous Loan Details

Boniface is 41 years old, married to Lucy and they are blessed with one child. He has been in the mixed crop farming business for the past twenty years with a monthly income of KES 8,000 which he uses to support his family. He is applying for his first loan of KES 15,000 with KADET after being… More from Boniface'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
  • 455
    View loans »
    Kenya Loans Fundraising
  • $38,309,375
    Funds lent in using Kiva
  • 85.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Boniface to buy seedlings and fertilizer for his farm.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 11, 2012
Listed
Nov 8, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013