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Lesinko

Update on Lesinko

Lesinko's farming business has been doing well and he has successfully paid off his previous loan of KES 40,000. He is able to pay school fees for his children from the farming proceeds. He has now been advanced a third loan of KES 60,000 which will enable him to cultivate a larger piece of land this season.

He plans to plough back the proceeds until all his huge piece of idle land is utilised. Lesinko is a hardworking gentleman who is determined to excel in his venture.

He hopes and dreams of growing the business to a large commercial venture as well as educating his children to higher levels of learning.

Previous Loan Details

Lesinko is 61 years old and married to Nalamae. He is a father to seven children between the ages of 19 and 29 years. For the last 10 years, he has farmed his own piece of land and earns a good income. Wheat has proved to be doing well in this area due to good climate conditions. He learned… More from Lesinko'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.

Tags

About Kenya

  • $1,800
    Average annual income
  • 631
    View loans »
    Kenya Loans Fundraising
  • $39,186,375
    Funds lent in using Kiva
  • 86.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Lesinko to prepare the land for the planting season.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 8, 2014
Listed
Jan 16, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 25, 2015