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Update on Samuel

Samuel is a farmer and also has a quarry business that he runs. He has applied for his third loan from KADET LTD to enable him to buy some equipment that will enable him to work well in his quarry.

Samuel has an incomplete house , and he plans to use part of the loan to purchase building materials to complete his house. He repaid his previous loan on time.

He hopes to be able to expand his quarry business and increase his farm output in the near future.

Previous Loan Details

Samuel is 35 years old, from Nakuru, and married with two children who are aged between six years and two and half years old. Samuel is a farmer and also has a quarry business which he runs. He has applied for his second loan from KADET LTD to enable him to buy a dairy cow. He hopes to be able... More from Samuel'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
  • 456
    View loans »
    Kenya Loans Fundraising
  • $50,344,275
    Funds lent in using Kiva
  • 84.2
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Samuel to buy building materials and equipment for quarry work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 9, 2013
Jun 1, 2013
Currency Exchange Loss:
Jun 17, 2014
This photo was used before for a previous loan for Samuel. It was first posted on Kiva on Jul, 2012. Learn More