Update on DicksonDickson, now 30 and a father of four, is doing well in his farming business and has successfully managed to pay off his previous loans. Since his last loan, he has diversified to farming potatoes in addition to barley. This has given him additional gains, since the crop takes a much shorter time to mature.
Dickson has applied for another loan of 50,000 Kenyan Shillings (KES) which he will use to ready his land and buy seedlings in preparation for the upcoming planting season. He plans to use his additional proceeds to educate his children to higher levels of learning. His dream is to attain financial stability.
Previous Loan DetailsDickson is 29 years, married and has two children. He has been a farmer for the last five years. He learned about KADET LTD through advertisement done by KADET. He applied his fourth loan of KES.50,000 with KADET which he plans to buy farm supplies. He plans to use the proceed from the loan to... More from Dickson'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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