Update on Lucy NyamburaLucy is happy about her previous loan, as it really helped her expand her business, selling milk from the dairy cow that she bought. Lucy has applied for her third loan from KADET LTD to enable her to buy farm inputs, such as fertilizers and seedlings. She hopes to diversify into the grocery business in the near future.
Previous Loan DetailsLucy has practised farming in Nduyu Njeru town for the last 16 years. She is 60 years old, married to David M., and they have six children. She was introduced to KADET LTD by her friend and this will be her second loan. She repaid her previous loan of Kshs 15,000 well and in good time. She ... More from Lucy Nyambura'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