Update on WinnieWinnie is still doing well in her farming business. Her monthly income has substantially increased after acquiring financial assistance from Kenya Agency for the Development of Enterprise and Technology (KADET) and Kiva lenders. She now earns KES 13,000. She is requesting for her second loan to finance her business.
She plans to use the loan to purchase fertilizers for her plants. With the anticipated profits, she will purchase more piglets to expand her pig-keeping project. She hopes to have a well established farming business.
Previous Loan DetailsWinnie is a 50-year-old mixed crop farmer, she is married to Ferdinand who is a business man. They are blessed with six children, the first four are adults while the others are 15 and 12, respectively. She has been in the farming business for the past 12 years with a monthly income of KES 9,000, ... More from Winnie'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