Update on ArtherArther, a quarry worker in Ndunyu Njeru used his previous loan amount to start poultry farming by buying chicken for rearing. It has been productive from the sale of chickens and eggs thereby being profitable and this has enabled him to provide for the needs of his family.
This will be his third loan and he plans to use the amount to buy a heifer cow for rearing. This will enable him get milk to sell which is usually in high demand. He will use the generated profits to pay school fees for his children.
Arther hopes to buy more land for quarrying and thereby make more income.
Previous Loan DetailsArther has worked in Quarries in Ndunyu Njeru town for the last two years. He extracts stones to sell in the local market. He is 36 years old, married to Caroline and they have four school going children. Arther was introduced to KADET by one of our field officers and this will be his first l... More from Arther'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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