Update on DavidDavid is a 52-year-old a mixed crop farmer. He is married to Maria, a business lady, and they are blessed with three children. He has been in the farming business for the past two years and earns a monthly income of KES 8,000, which he uses to support his family. He is applying for his second loan from KADET LTD after repaying his previous loan successfully. David will use the money to buy seedlings and fertilizer. With the anticipated profits from the business he will educate his children. His dream is to export his farm produce.
Previous Loan DetailsDavid is 52 years-old and a mixed crop farmer. He is married to Virginia who is also a farmer. They are blessed with two children. He has been in the farming business for the past one year and earns the monthly income of KES 2,400, which he uses to support his family. He is applying for his f... More from David'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