Update on TukeiTukei has successfully paid off his second loan owing to plenty of rains that favored the farming season. He has acquired a bigger portion of land where he intends to extend his maize farm.
He has applied for a third loan of 100,000 KES which will enable him to prepare his land and to buy more farm inputs.
He has managed to add to the number of livestock in his flock from his farm proceeds. He hopes and dreams of growing his farming business into a commercial venture.
Previous Loan DetailsTukei is 35 years old, married and supports a family of six. For the last two years he has worked his farm, including raising sheep to sell. He earns a monthly income of 47,000 KES.
This will be Tukei’s second loan from KADET LTD. He is requesting 100,000 KES, with which he plans to buy… More from Tukei'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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Success!! The loan was 100% repaid