Update on NtepekoTepeko, now a father of four, has continued with his farming business, and successfully managed to pay off his loan. He used part of the proceeds to lease a bigger portion of land with the view to expanding his business.
He has been funded for his fourth loan of KES 50,000 which will help him prepare land for cultivation as well as acquire more seedlings for the extra piece of land. He plans to use the proceeds to pay school fees for his children and also build the family a permanent house.
His dream is to become a prominent commercial farmer and also improve the living standard for his family.
Previous Loan DetailsNtepeko is 41 years old, married and has three children. He has been a farmer for the past six years. Ntepeko has been a good client for KADET LTD. This is his third loan with KADET, which he will use to buy farm inputs. With the profits generated, he plans to pay school fees for his… More from Ntepeko'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