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Joseph

Update on Joseph

Joseph is 53 years old and married to Naomi. They are blessed with five children. He has been in the farming business for the past five years with a monthly income of KES 10,000 which he uses to support his family.

He is applying for his second loan with KADET after repaying the previous loan successfully. Joseph will use the loan to buy seedlings and fertilizer for his farm. With the anticipated profit from the business he will educate his children. His hopes and dreams are to build his own house on his new land.

Previous Loan Details

Joseph is 52 years olds and married to Naomi. They are blessed with five children. He has been in the farming business for the past four years with a monthly income of KES 8,000 which he uses to support his family. He is applying for his first loan with KADET after being introduced by an exis... More from Joseph'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
  • 987
    View loans »
    Kenya Loans Fundraising
  • $40,408,475
    Funds lent in using Kiva
  • 86.2
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Joseph to buy seedlings and fertilizer for his farm.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 14, 2013
Listed
Jan 4, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014
This photo was used before for a previous loan for Joseph. It was first posted on Kiva on Dec, 2011. Learn More