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Kulankash

Update on Kulankash

Kulankash is 33 years old now, married and blessed with one child. He has been doing animal sales for the last seven years, making a monthly income of about KES 20,000. He has applied for his second loan of KES 60,000 from KADET LTD. He plans to purchase more goats and sheep for fattening and resale for profit. The anticipated profits will help expand his capital. His future dream is to improve his family's living standards.

Previous Loan Details

Kulankash is 32 years old. He is married and supports three people in the family. He is a farmer and he does farming on his piece of land which he has been doing for the last ten years. He learned about KADET from KADET staff. This will be his first loan which he is planning to spend to buy f... More from Kulankash'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
  • 864
    View loans »
    Kenya Loans Fundraising
  • $43,028,475
    Funds lent in using Kiva
  • 87.5
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Kulankash to purchase more goats and sheep for fattening and resale for profit.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 23, 2013
Listed
Jan 28, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2014
This photo was used before for a previous loan for Kulankash. It was first posted on Kiva on Jun, 2011. Learn More