Mutui Ole Tako
Update on Mutui Ole TakoMutui, now a father of four, has successfully paid off his second loan, owing to the good harvest in the season. He has since acquired a larger piece of land, where he has expanded to wheat farming.
He has acquired a third loan of KES 70,000, which will assist him in the purchase of pesticides and fertilizer for the wheat farm.
He hopes to grow his business and venture into large-scale farming.
Previous Loan DetailsMutui Ole Tako L. is 36 years old, married and the father of three school-going children. Mutui has been farming on his own piece of land for the last four years. Mutui learned about KADET LTD from a colleague who is already a KADET registered client. This will be his second loan, which he plans… More from Mutui Ole Tako'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