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Samuel

Update on Samuel

Samuel has seen great progress in doing business. The food stall he owns received a boost and the volume of business increased after additional restocking was done. Due to his ability to seize opportunities, the farm also produced enough supply for the family.

He was also able to pay for his children’s school fees from the additional income.

He looks forward to an having an even more profitable business season, due to the loan he is applying for. He believes this will go a long way in supporting his family and providing all the needs more comfortably. This loan of 52,300 Kenyan shillings (KES) will go towards the purchase of food stock and cooking utensils.

Previous Loan Details

Samuel lives in Changamwe, Kenya. He is married and has four children; three of whom are in school. He owns a food stall which he began this year. There are a high number of customers in the area; mainly port workers, who come to take meals from his stall. Besides this, he is also a teacher. He ... More from Samuel's previous loan »

Additional Information

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
  • 757
    View loans »
    Kenya Loans Fundraising
  • $40,262,550
    Funds lent in using Kiva
  • 84.4
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Samuel to purchase more meat and flour.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2012
Listed
Jun 20, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013
This photo was used before for a previous loan for Samuel. It was first posted on Kiva on Dec, 2011. Learn More