Update on JohnJohn, who lives in Malindi, Kenya, is a water vendor. He is a married father of five school-going children. He supplies water to his neighborhoods; this idea came from the fact that there is a lack of of water delivery in the area. His water business has been running for ten years.
Besides this, he also owns rental houses and is employed at an international hotel along the coastline. He plans to diversify to other sources of income, specifically transportation.
A loan of 83,450 Kenya Shillings will help John buy a motorcycle for his business. Apart from the high cost of living that has reduced the disposable income of many customers to such businesses, John intends to purchase more motorcycles in the future and provide employment to other people.
He believes the income from the business will improve the quality of life for his family.
Previous Loan DetailsJohn, who lives in the Kongowea, Kenya, is a water vendor. He is married and has five children, two of whom are in school. He supplies water to neighborhoods. This idea came from the fact that there is a challenge of water delivery in the area. In addition to this, he also owns a motorcycle that he… More from John'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
- 11 months (Additional Information)
- Repayment Schedule
- Oct 31, 2012
- Nov 11, 2012
- Currency Exchange Loss:
- Sep 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.