Update on PeterPeter is 61 years old, widowed, and no one is supported by him.
He is in a farming business in Ndunyu Njeru which he has practiced for seven years. He has applied for his eighth loan from VisionFund Kenya to enable him to buy fertilizer, seeds and pay for labor. With anticipated profit, he plans to repay the loan and expand his farming business.
In the near future, he hopes to expand his farming business so as to increase his income.
Previous Loan DetailsPeter Kamau is 60 years old, from Nyandarua South and is married with grown-up children. Peter is a farmer and has been in it for the past 8 years. He has applied for his seventh loan from Kadet Ltd. to enable him to buy farm inputs like fertilizers and seedlings, and also to pay for labour. ... More from Peter'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