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Jackson

Update on Jackson

The hardworking Jackson has continued well with his mixed farming business with the help of his industrious wife. He has since diversified to potato farming besides the wheat which takes a shorter time to mature. He has also purchased more animals for fattening and resale.

He has requested another loan of KES 30,000 which will assist him in the purchase of animal feeds as well as farm inputs. He will use the additional proceeds to continue educating his children.

Jackson's dream is to grow his business into a highly profitable venture which will in turn improve the living standards of the family.

Previous Loan Details

Jackson is 29 years old, married and blessed with five children that he supports. He practices mixed farming, and he has been involved in this farming activity for the past five years, with a monthly income of KES. 5,000. He is applying for his second loan of KES. 30,000 from KADET LTD, and he… More from Jackson's previous loan »

Additional Information

About VisionFund Kenya

VisionFund 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.

About Kenya

  • $1,800
    Average annual income
  • 404
    View loans »
    Kenya Loans Fundraising
  • $38,151,650
    Funds lent in using Kiva
  • 85.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Jackson to purchase animal feeds and prepare his garden for growing crops.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 19, 2013
Listed
Mar 25, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 18, 2014
This photo was used before for a previous loan for Jackson. It was first posted on Kiva on Jun, 2012. Learn More