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Lenkoko Ologolimot

Update on Lenkoko Ologolimot

Lenkoko has cleared his loan and is now preparing for a new planting season. He has since leased a bigger piece of land on which he will diversify to maize and wheat farming.

He is applying for his fourth loan of KES 60,000, which he will use to prepare the land and buy seedlings and fertilizers.

He plans to use the anticipated profits to better the living standards of his family.

Previous Loan Details

Lenkoko is 30 years old, married and a father of three children. He farms on his own piece of land, which he has been doing for the last five years. He learned about KADET from other men in a group already registered with KADET in his area of residence. This will be his third loan, and he plans… More from Lenkoko Ologolimot's previous loan »

Additional Information

About VisionFund Kenya

VisionFund 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.

About Kenya

  • $1,800
    Average annual income
  • 642
    View loans »
    Kenya Loans Fundraising
  • $39,170,550
    Funds lent in using Kiva
  • 87.4
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Lenkoko Ologolimot to prepare the land and buy seedlings and fertilizers.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 8, 2013
Listed
Feb 16, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013