Update on Sokoroti OleSokoroti, now 46 years old, has paid off his previous loan owing to the bumper wheat harvest of the past season. He has used some of the proceeds to lease a bigger portion of land as well as added some numbers to his cattle herd.
Sokoroti has been advanced another loan by KADET Ltd. of 50,000 Kenyan shillings which will facilitate the purchase of wheat seedlings, fertilizers and pesticides in preparation for the upcoming planting season. He hopes to enlarge his farming activities from the increased proceeds. His hope is to own and manage a large wheat plantation for commercial purposes.
Previous Loan DetailsSokoroti Ole M., from Narok, Kenya, is 45 years old, married, and supports ten people in the family. He has been farming for the last 15 years. Sokoroti first learned of KADET LTD through other registered clients in his area. This will be his fourth loan from KADET, and he intends to spend ... More from Sokoroti Ole'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