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Update on Josphat

Josphat is a 39-year-old, married man. He and his wife, Lucy, have two school-going children.

For the last eight years, he has worked in the farming business in Ndunyu Njeru town.

He was introduced to KADET LTD. by one of its field officers. This would be his third loan through KADET, and he explains that he successfully repaid his previous loan on time. He is now seeking a loan in the amount of 40,000 KES, and he plans to use the loan proceeds to buy two bulls and four sheep, which he will care for and sell for profits. In the future, he hopes to save money and to purchase a lorry to aid him for transportation purposes.

Previous Loan Details

Josphat has practiced farming in Ndunyu Njeru town for the last eight years. He is 37 years old, married to Lucy and they have two school-going children. He was introduced to KADET Ltd. by one of our field officers and this will be his second loan. He paid his previous loan of 40,000 KES w... More from Josphat'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
  • 1018
    View loans »
    Kenya Loans Fundraising
  • $47,167,325
    Funds lent in using Kiva
  • 84.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Josphat to expand his business by purchasing two bulls and four sheep.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 24, 2012
Sep 28, 2012
Currency Exchange Loss:
Sep 17, 2013
This photo was used before for a previous loan for Josphat. It was first posted on Kiva on Aug, 2011. Learn More