Update on David KaranjaDavid still does his farming activity, which is doing so well. He plants carrots and potatoes, and this produce always has a ready market.
He has applied for his fifth loan from KADET LTD. He paid all his previous loans well and in good time. He plans to use the loan to buy carrot seedlings and fertilizer.
In the future, David hopes to practice mixed farming, thereby diversifying his sources of income.
Previous Loan DetailsDavid has practiced farming in Olkalou town for the last two years. He is 25 years old, married to Grace Wairimu and they have one child. Carrots and potatoes do well in this region and this produce always has a ready market. He was introduced to KADET LTD by his friend and this will be his... More from David Karanja'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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