Update on Paatita OlePaatita repaid his previous loan due to the good harvest of the previous season. He has now been advanced a loan of 80,000 KES which he will use to buy seedlings, fertilizers, and to pay for the preparation of land for the next planting season.
He hopes to use the anticipated profits to expand his business. He hopes to buy a bigger plot as well as to own his own tractors for large-scale farming.
Previous Loan DetailsPaatita Ole N. is 41 years old. He is married to Nashuru and is the father of six children. Paatita is a farmer and has been farming for four years in Narok county. His farm is in a productive area which has proved to be good for crop farming. Paatita learned about KADET LTD through a… More from Paatita Ole'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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