Update on KokoyianKokoiyian has paid off her KES 50,000 loan from the sale of her farm produce. She has acquired a fourth loan of a similar amount, which she will add to her proceeds to diversify her business to livestock rearing.
Kokoiyiana has managed to educate her children from the sale of different crops and is now diversifying into animal rearing. She hopes to used the increased proceeds to put up a better housing unit for her large family. She hopes to raise a well-educated family.
Previous Loan DetailsKokoyian E. K. is 55 years old, the married mother of eight children who depends on her. She has been a farmer in Nkareta-Narok, Kenya for a period of ten years with an income of about KES 6,000 per month. She knew about KADET LTD through other women registered with them in her area of residen... More from Kokoyian'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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