Update on PeterPeter is 59 years old and is a farmer. He practices mixed farming and also operates a posho mill business. Peter earns a 25,000 KES income that he uses to support his family.
Peter is requesting a loan from KADET LTD to purchase farm inputs such as fertilizer, pesticide, seedlings, and chicken feed. This is his second loan with KADET LTD and he successfully repaid his previous loan. Peter plans to use his anticipated profits to improve his business. In the future, he hopes and dreams of venturing into large-scale farming to improve his family's living standards.
Previous Loan DetailsPeter is a 58-year-old business man. He is married to Mildred, a farmer. They are blessed with two children. He has been in a posho mill business as a primary business and a mixed crop farming business for the past five years, earning a monthly income of KES 20,000 which he uses to support his ... More from Peter'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