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Lialo

Update on Lialo

Lialo, now 25 years old, supports a family of three. He has successfully repaid his previous loan owing to the good wheat harvest of the last season.

He has acquired a sixth loan of 100,000 KES (Kenyan shillings) from KADET LTD to buy wheat seedlings and also buy a flock of sheep, goats and cows for fattening to sell at a gain.

He plans to use additional proceeds to educate his children as well as enlarge his farming activities. His hopes and dreams are to become a renowned commercial farmer in the region.

Previous Loan Details

Lialo is 24 years old, single, and supports two people in the family. He has been a wheat farmer for the last five years, earning a monthly income of KES 12,000. He has applied for his fifth loan of KES 90,000 from KADET LTD. Lialo plans to acquire planting seeds, fertilizers, and ploughing… More from Lialo'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
  • 325
    View loans »
    Kenya Loans Fundraising
  • $38,107,150
    Funds lent in using Kiva
  • 84.9
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Lialo to purchase wheat seedlings and also buy a flock of sheep, goats and cows for fattening to sell at a gain.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 22, 2013
Listed
Apr 8, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013