Update on StephenStephen is applying for his second loan of KES 15,000 from KADET LTD after servicing his previous loan well and in good time. He is now 27 years old, is single and supports his mother. Besides pig farming, he has also started mushroom planting and crop farming as well.
He plans to use the entire loan amount to buy seedlings and prepare a cold room. He will plough the anticipated profit into the farming business through buying farm inputs.
In the future, Stephen hopes to grow his business and be financially stable.
Previous Loan DetailsStephen is a 26 year-old unmarried man. He is a pig farmer. He has been in the business for one year now and gets a monthly income of two thousand shillings. This will be Stephen’s first loan from Kiva partner KADET LTD and he plans to use the entire loan to purchase animal feed. With the pr... More from Stephen'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