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Nancy

Update on Nancy

Nancy is a lady of 32 years. She is married to Kenneth and a mother of two children. She is a dairy farmer and has been in this business for 14 years now. She gets a monthly income of 33,800 shillings.

This will be Nancy's sixth loan with KADET LTD. She plans to use the entire loan to buy hay and food for her lactating cows. In the future, she wants to buy more cows and also start poultry farming.

Previous Loan Details

Nancy is 31 years old and married. She has made a living through dairy farming for the past 13 years, earning a monthly income of KES 36,000. This will be her fifth loan from KADET LTD of KES 50,000. She plans to use the entire loan to purchase another dairy cow to raise for milk production. ... More from Nancy's previous loan »

Additional Information

About VisionFund Kenya

VisionFund 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.

About Kenya

  • $1,800
    Average annual income
  • 766
    View loans »
    Kenya Loans Fundraising
  • $42,304,775
    Funds lent in using Kiva
  • 87.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Nancy to purchase hay and food for lactating cows.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 11, 2013
Listed
Sep 24, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 20, 2014