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Kasao

Update on Kasao

Kasao is 38 years old and married to Noonkipa. They both support a family of eight children. Kasao is a maize farmer and he also keeps animals. He has been in this business for the last 11 years with a monthly income of about KES 10,000.

Kasao is servicing his 5th loan of KES 50,000 from KADET, and this will facilitate him in preparing the farm and to purchase cows, goats and sheep. He hopes to use the anticipated profit to expand his farm and reinvest. His future dreams are to improve the home living standards and to educate his children.

Previous Loan Details

Kasao is 37 years old and married. He supports a family of eight children. He is a maize farmer and has been in this business for the last 10 years with a monthly income of KES 5,000. He is servicing his 4th loan of KES 40,000 from KADET and this will facilitate him in preparing the farm and ... More from Kasao'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
  • 617
    View loans »
    Kenya Loans Fundraising
  • $40,262,550
    Funds lent in using Kiva
  • 85.9
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Kasao to pay for land cultivation.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 19, 2013
Listed
Mar 30, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014
This photo was used before for a previous loan for Kasao. It was first posted on Kiva on Jun, 2012. Learn More