Update on Oriku CharlesCharles is 25 years old. His farming business doing well. He completed paying off his previous loan due to a good harvest in the last season as well as better pricing of the produce.
Charles has since leased a bigger portion of land in which he intends to grow more maize and wheat. He has acquired another loan of 75,000 KES which will facilitate in land preparation for the upcoming planting season.
He plans to use the proceed to pay for school fees for his child. His hope and dream is to become a large scale commercial farmer.
Previous Loan DetailsOriku Charles K. is 24 years old. He supports four people in the family. He is a farmer and he farms his own piece of land which he has been doing for the last six years. He learned about KADET LTD from a member of a group that is registered with KADET. This will be his third loan from KADET… More from Oriku Charles'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