Update on StellahStellah, now a mother of three, has successfully paid her previous loan owing to good prices of farm produce in the season. She has started a poultry business out of the farm produce.
Stellah has been advanced a second loan of KES 20,000, which will enable her to buy chicks for rearing and also buy farm inputs. She will use the proceeds to put up a larger house for her poultry.
She hopes raise a well educated family and to expand her businesses.
Previous Loan DetailsStellah is 32 years old. She is a single lady and a mother of two children aged twelve and four. She is a mixed crop farmer in Narok and has been farming for the last seven years. Her monthly income is KES 30,000. This is her first loan of KES 10,000 from KADET Ltd. which she intends to use to… More from Stellah'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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