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Benjamin

Update on Benjamin

Benjamin has cleared his previous loan owing to last season's large harvest. He has used the proceeds to diversify to animal rearing. He has acquired another loan from KADET LTD., of 90,000 KES which will facilitate buying more livestock for fattening and sell later at a profit.

He plans to used the increased proceeds to build the family a permanent house as well as to pay school fees for his children.

His dream is to own a large maize plantation and manage large scale farming.

Previous Loan Details

Benjamin, 33, is married and has two children. He has been a wheat farmer for the past three years. He applied for his first loan with KADET which he will use to buy farm inputs (wheat seeds and also land preparation). With the profits generated he plans to pay school fees for his children. He... More from Benjamin'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
  • 854
    View loans »
    Kenya Loans Fundraising
  • $43,028,475
    Funds lent in using Kiva
  • 87.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Benjamin to buy more livestock for fattenning and resale.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 12, 2013
Listed
Feb 21, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013