Update on GenardGenard used his previous loan to buy fertilizer for planting potatoes on his farm. It was profitable, and he was able to pay the loan back well and in good time. Besides farming for cash crops, he also sells livestock.
This will be his fourth loan, and he plans to buy livestock which he will later sell. This being a festive season, he anticipates to make more profits with which he will later buy more livestock.
He hopes to expand his business by selling livestock in other parts of Olkalau town.
Previous Loan DetailsGenard has practiced farming in Olkalou town for the last 21 years. He is 50 years old, married to Rose and they have 3 children. He was introduced to KADET LTD by one of our field officers and this will be his 1st loan. He plans to plant potatoes in his farm. He will use the loan amount to… More from Genard'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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