Update on LucyLucy, age 34, and her husband James are dairy farmers. They have been engaged in this business for the past five years. They have four children.
Lucy has applied for a loan from KADET Ltd in order to enable her to buy dry maize, sorghum, and millet to grind into flour, which she will offer for sale. She repaid her previous loan successfully and has seen her business improve as well.
Her goal is to improve her family's standard of living.
Previous Loan DetailsLucy is 33 years old and she is married to James. Together they have four children. He is a farmer and has been in the business for the past five years. This is Lucy's first term loan with KADET LTD. She was brought to KADET LTD by our client. She will use the loan amount to purchase a dairy cow… More from Lucy'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