Update on OlogolimotOlogolimot has completed paying his previous loan and is now applying for a fourth loan. He plans use the loan amount to prepare the land and buy seedlings and fertilizers for the upcoming planting season.
Ologolimot is now able to cultivate a larger portion of his land as well as increase the number of animals for fattening and selling. He plans to use the increased proceeds to educate his children as well as improve the family's living standards.
Previous Loan DetailsOlogolimot is a 33-year-old married man with four children. He does mixed farming where he rears livestock and does wheat farming. He has been doing this for the past five years. He learned about KADET from the KADET staff. He is currently applying for his third loan after he repaid his previous… More from Ologolimot'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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Success!! The loan was 100% repaid