Update on ParsaloiParsaloi has successfully paid off his previous loan owing to a good harvest season. He has continued to educate his children with the proceeds attained.
Parsaloi has been issued a second loan of 40,000 KES, which he will use to put up a large storehouse for storing up his produce and also to buy farm inputs. This will fetch him better proceeds because the maize demand will be higher and the supply will be less beyond the season.
His dream is to grow his farming business into a commercial outlet.
Previous Loan DetailsParsaloi is 34 years old, married, and supports a family of five people. He has been a maize farmer for the last six years, earning a monthly income of about KES 28,000. He is servicing his loan of KES 20,000 from KADET LTD which he intends to use to purchase farm supplies. The anticipated… More from Parsaloi'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.
405View loans »
Success!! The loan was 100% repaid