Update on SamuelSamuel 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 DetailsSamuel 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 »
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
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Jun 13, 2012
- Jun 20, 2012
- Currency Exchange Loss:
- Jul 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.