Update on TiaulelTiaulel has completely repaid her recent 50,000 KES loan. She managed to get a good harvest for her previous season and used her profit to educate her children.
Tiaulel is requesting her fourth loan for 70,000 KES that she will use to prepare her farmland and purchase seeds and fertilizer. She hopes to cultivate a variety of crops on a larger portion of her land and use her increased profits to build a permanent house for her family.
Previous Loan DetailsTiaulel is 36 years old. She is married and has four school-aged children. To make a living, she does mixed farming. She has been engaged in her farming for over eight years and earns approximately KES 5,000 a month for these activities. She has been a good client and this is her third loan, ... More from Tiaulel'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