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Update on Bernard

Bernard used his previous loan amount to purchase a quarry site for mining stones. It was profitable since it enabled him to meet the high demand for building stones in the area.

This is his second loan and he plans to use the amount to buy quarry equipment since this will enable him increase his productivity. He also plans to employ more workers. He will use the generated income to open a small business for his wife.

He hopes to expand his quarry business by buying more quarry sites and to be able to make more income.

Previous Loan Details

Bernard is 22 years old. He is married to Mary who is a farmer.They do not have any children. He works in a quarry and has been in the business for the past four years. This is his first loan from KADET LTD. He was introduced by a field officer. He will use the loan amount to purchase another ... More from Bernard'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
  • 728
    View loans »
    Kenya Loans Fundraising
  • $44,862,475
    Funds lent in using Kiva
  • 86.4
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Bernard to purchase quarry equipment.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 17, 2012
Jan 8, 2013
Currency Exchange Loss:
Sep 17, 2013
This photo was used before for a previous loan for Bernard. It was first posted on Kiva on Jul, 2012. Learn More