Update on JohnJohn ,now 30 years , and a father of two children aged five and one year old respectively. His wheat business is doing well thus has successfully paid off his previous loan. He has managed to enlarge his wheat farm to a larger area which was utilized.
He has acquired another loan of KES 20,000 which will facilitate in the purchase of pesticides and other sprays for the larger portion of the wheat plantation. He will use the increased proceeds to complete the construction of a permanent house for his family.
He hopes to raise a well educated family.
Previous Loan DetailsJohn is 27 years old, married and blessed with one child. He is a farmer and he has been doing this for the last three years. His farm is in a productive area which has proved to be good for maize farming. John learned about KADET LTD through a marketing campaign done by KADET staff in his area of… More from John'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