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Update on Nicasio

Nicasio has been selling livestock for the past 18½ years, with a monthly income of 40,000 Kenyan shillings. Nicasio is applying for his second loan from KADET LTD, after repaying his first loan successfully.

Nicasio will use the loan to purchase more goats, cows and sheep for sale. He will plough the anticipated profit back into the business.

His hopes and dreams are to purchase a piece of land to build a residential house for his family.

Previous Loan Details

Nicasio is a 42-year-old businessman. He is married to Florence, a farmer. They are blessed with six children. He has been in a livestock trading business for the past 18 years with the monthly income of 20,000 Kenyan shillings, which he uses to support his family. He is applying for his fir... More from Nicasio'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
  • 610
    View loans »
    Kenya Loans Fundraising
  • $44,775,100
    Funds lent in using Kiva
  • 87.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Nicasio to buy more goats, cows and sheep for selling.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 4, 2013
Mar 2, 2013
Currency Exchange Loss:
Feb 17, 2014