Update on Robert LampeshuaRobert has paid off his previous loan owing to the good pricing of animals during the season. He has used the increased proceeds to diversify into crop farming, which earns him income when he sells the produce as well as serves as feed for his livestock. He has been advanced another loan of 25,000 Kenyan shillings which will facilitate land preparation for the upcoming planting season and purchase of seedlings. Roberts hopes and dreams to grow his farming business into a big commercial venture; thus, attaining financial stability.
Previous Loan DetailsRobert Lampeshua P. is 32 years old. He is married and supports four people in the family. Robert has been buying and selling sheep and cattle for the last seven years. Robert learned about KADET LTD from a colleague who is already a KADET registered client. This will be his first loan, whi... More from Robert Lampeshua'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