Update on ChemutaiChemutai has already cleared her previous loan, owing to the good harvest for the last season. She has since leased an extra ten acres of land where she has planted maize.
She has been advanced a third loan of Kes 90,000 which will facilitate her in the purchase of fertilizers and pesticides as well as pay for the increased labour. She hopes to use the proceeds to build a permanent house for the family as well as pay school fees for her children.
She hopes in future to own large maize and wheat plantations.
Previous Loan DetailsChemutai is 39 years old. She is married and a mother of five children. She is a farmer and she does the farming on her own piece of land which she has been doing for the last nine years. She learned about KADET LTD from other women in a group already registered with KADET in her area of… More from Chemutai'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