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Caroline

Update on Caroline

Caroline's school continued to experience growth after the first investment she made. Over the course of time, there has been a strain on the available resources. She has therefore applied for a loan of 62,650 Kenya shillings to purchase additional desks and books for the school. Her ambition is to graduate the enterprise to a primary school and provide additional facilities like computer lessons.

Previous Loan Details

Caroline is a married lady who lives in Changamwe, Kenya. She runs a junior school, which has been in operation for three years and has a total of eight employees. Caroline is applying for a loan of KES 40,000 to purchase desks, textbooks, and stationery. Her future ambitions include increasing… More from Caroline'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
  • 598
    View loans »
    Kenya Loans Fundraising
  • $39,169,650
    Funds lent in using Kiva
  • 83.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Caroline to purchase desks, textbooks, and stationery.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2012
Listed
Sep 19, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013
This photo was used before for a previous loan for Caroline. It was first posted on Kiva on Dec, 2011. Learn More