Update on LemeriaLemeria, now married, has successfully paid off his previous loan, due in part to the easily accessible animal feed in the rainy season. He has used the proceeds to diversify his business to include bean farming.
He has acquired another loan of 35,000 KES, which will enable him to increase his animal numbers. The business is doing well due to the easy and cheap access to animal feed in the rainy season.
He will use the increased proceeds to meet the young family's basic needs, as well as expand his business. His hope is to raise a healthy and wealthy family, with highly educated children.
Previous Loan DetailsLameria is a 28-year-old single gentleman who supports his two siblings. He is a livestock trader in the Katakala area in Narok town and has been running the business for the past six years, making a monthly income of KES 25,000. He has borrowed a fourth loan of KES 25,000 from KADET LTD which... More from Lemeria'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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