Update on KurashKurash is now a father of five children. He has completed paying his previous loan and is now preparing for another planting season. He got a good harvest in the last season and has leased an additional piece of land, on which he plans to plant a variety of crops.
He has acquired another loan from KADET LTD, which will allow him to purchase seedlings and fertilizers, as well as pay for the labour for land ploughing.
He hopes to use the increased proceeds to build a permanent house for the family.
Previous Loan DetailsKurash O. is 30 years old. He is married and a father of four children aged between five and fifteen. Kurash is a farmer, farming his own piece of land which he has been doing for the last five years. He learned about KADET from women who are already registered members of KADET LTD. This wil... More from Kurash'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