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Parsanika

Update on Parsanika

Parsanika, 46, is married. He is a livestock trader at Kitengela market, which is a busy market where most of his clients are.

He was introduced to KADET LTD by a client of KADET LTD. He has been in this business for 13 years and earns a monthly profit of 14,000 KES. This loan of 100,000 KES is his fourth loan from KADET LTD. He plans to use it to purchase more livestock for resale.

If the loan boosts his business, he plans to open a butchery. Parsanika dreams of becoming a meat supplier in Kitegela. He describes himself as hardworking.

Previous Loan Details

Parsanika O. P., 45, is married and the father of four children: John, aged 18 years, in college; Silus, aged 11 years, in class six; Susan, aged 16 years, in form one, and Mary, aged 14 years, in class eight. They live in Kitengela. Parsanika is a livestock trader and his business is at… More from Parsanika'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
  • 404
    View loans »
    Kenya Loans Fundraising
  • $38,151,650
    Funds lent in using Kiva
  • 87.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Parsanika to purchase more livestock.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2013
Listed
Feb 26, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014
This photo was used before for a previous loan for Parsanika. It was first posted on Kiva on Apr, 2011. Learn More