Update on ChristineChristine is a 44-year-old married woman. She has 2 children, ages 13 and 14 years. She describes herself as focused and loving. Christine operates a beauty salon where she provides hair services such as blow drying and plaiting. She has been involved in this business for 10 years. Her business is located in a residential area, and her primary customers are local residents.
Christine describes her biggest business challenge as insufficient funds for improving the business. She will use the 80,000 KES loan to buy weaves, braids and hair oil. Her business goal is to venture into a new business of wholesale selling of beauty products within 5 years. Christine hopes to, in the future, educate her children with the profits generated.
Previous Loan DetailsChristine K. D. is 43 years old. She is married to a driver and has two children, aged 13 and 14 years old. Her business is located at Magongo estate in Mombasa, Kenya. Mombasa is the coastal region of Kenya and is well-known for its many tourist-attraction sites, not forgetting the Indian Ocean's… More from Christine'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
- 20 months (Additional Information)
- Repayment Schedule
- Jul 6, 2012
- Jul 28, 2012
- Currency Exchange Loss:
- Feb 17, 2014
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.