Update on DavidDavid's farming business is doing well and he has successfully paid his previous loan. He has since acquired a bigger piece of land on which he plans to grow a variety of crops. The proceeds will go a long way in the educating his children.
He has requested a second loan of KES.30,000 which will enable him acquire the additional farm inputs required for the larger farm. He has also diversified to animal rearing, which has added to his income.
His dream is to raise a well-educated family.
Previous Loan DetailsDavid is 50 years old, married, and supports a family of five people. He has been a maize farmer for the last five years, earning a monthly income of KES 9,000. He is taking out his first loan of KES 30,000 from KADET LTD, which he intends to use for purchasing farm supplies. The anticipa... More from David'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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