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Nelson

Update on Nelson

Nelson is 43 years old, and is married with three children who are in school. He is from Ndunyu Njeru.

Nelson used his previous loan well, and was able to get a good harvest from his farm. He is now applying for another loan to enable him to buy more seedlings and fertilizers to use during this planting season. He is optimistic that the farm will do well.

He hopes to see his business expand and be able to employ workers in the near future.

Previous Loan Details

Nelson is 42 years old. He is married to Loise and together they have three children. He is a farmer and has been in the business for the past 10 years. This is his second term loan with KADET LTD. He paid his previous loans well and in good time. He will use the loan amount to purchase seedli... More from Nelson'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
  • 888
    View loans »
    Kenya Loans Fundraising
  • $42,394,375
    Funds lent in using Kiva
  • 84.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Nelson to buy seedlings and fertilizers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 25, 2013
Listed
Apr 13, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013
This photo was used before for a previous loan for Nelson. It was first posted on Kiva on Jul, 2012. Learn More