Update on TakeuTakeu is now 30 years old and a father of three. He got a good harvest during the last season and this has enabled him to cultivate a larger portion of his land.
He has acquired a loan of 40,000 from KADET LTD with which he intends to also start livestock trading as another business besides the growing of wheat. So he will use the loan to buy cows and goats for resale, as a part of business diversification.
He hopes to improve the family's living standard and educate his children.
Previous Loan DetailsTakeu is 29 years old and is married with two children. For the past five years, he has been a wheat farmer. He learned about KADET through an advertisement and is applying for his second loan with KADET. Takeu will use his loan to buy wheat seed to plant and chemicals for spraying. He plans to use… More from Takeu'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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