Update on Nolatuesha EneNolatuesha Ene has successfully paid off her previous loan and her farming business is doing well. She has now diversified into animal trading and she has applied for a loan of KES 30,000 from Kenya Agency for Development of Enterprise and Technology (KADET).
With the loan, she will be able to buy more sheep, cows, and goats for trade. She hopes to educate her children with the improved proceeds, which will improve the family's living standards.
Previous Loan DetailsNolatuesha Ene T., a 40-year-old widowed mother of seven children, has been farming on her own piece of land for the last ten years. She learned about KADET LTD from other women in a group already registered with KADET in her area of residence. This will be her third loan with which she will buy… More from Nolatuesha Ene'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