Update on Murere OleMurere has successfully managed to repay his previous loan, though with some difficulties due to a group project that did not succeed as anticipated.
This time, the client opted to borrow a smaller amount of money from KADET LTD and use it to diversify into animal trading, as well as continuing to cultivate maize. He will use the loan to purchase cows and goats, for resale at a profit. He will use the anticipated profit to pay college fees for his second-born daughter.
He hopes to grow his business to large-scale farming.
Previous Loan DetailsMurere Ole L. is 42 Years old, married and is a father of six children. Murere is a farmer and he does the farming on his own piece of land which he has been doing for the last four years. He learned about KADET from other members in a group already registered with KADET in his area of reside... More from Murere Ole'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