Update on NelsonNelson used his previous loan amount to buy seeds and fertilizer as well as to pay the laborers. It was profitable and he was able to pay back the previous loan.
This being his fourth loan term, he plans to buy potato and maize seeds as well as fertilizer for planting on his farm. He will use the anticipated income to buy a heifer cow.
Nelson hopes to buy more dairy cows as well as plant more cash crops to sell, hence make more income and be able to improve the living standard of his family.
Previous Loan DetailsNelson has practiced farming in Ndunyu Njeru town for the last six years. He is 55 years old and married to Lucy. He was introduced to KADET LTD by one of our field officers and this will be his third loan. He plans to use the loan amount to buy seeds, fertilizer and pay for labour. In f... More from Nelson'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