Update on WilfridaWilfrida is a 49-year-old married woman. She has four children. She describes herself to be a patient and polite woman. She operates a retail store where she sells items such as snacks, bread, sugar, salt, and sodas, etc. She has been involved in this business for three years. Her business is located in a strategic business environment and her primary customers are local residents. She describes her biggest business challenge to be insufficient funds for improving the business. She will use the KES 30,000 loan to purchase two bags of sugar, five crates of soda, and five bundles of maize flour. Her business goal is to run a mini shopping mall within five years. She hopes that in the future, she will be a financially stable woman. She has previously received a loan of KES 20,000, which she managed to repay.
Previous Loan DetailsWilfrida is 48 years old, married, and has four children, ages 10 to 30. She sells sugar, Unga Ngaro, Unga Ugali, and rice to locals at a busy market center. Wilfrida intends to use her loan to purchase more sugar, flour, and maize. Wilfrida hopes to open several businesses in the area. She ... More from Wilfrida'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