Check out some available loans that are similar to this one!
Irene

Update on Irene

Irene is a resident of the Likoni area of Coast Province, Kenya. She is married and has one child. Irene owns a retail shop, a business that she has been running for five years. She began the business from the savings she obtained while working as a baby sitter. She desires to set up a grocery stall.

Irene learned about Milango from other clients and joined the institution with the aim of accessing credit to improve the operations of her business. Her main challenges are bad debts and fluctuating prices.

Irene is applying for a loan of 62,700 KES to purchase food stuffs like cereals, wheat flour, cooking oil, and produce. The extra income from the loan will be added to her savings to improve her family's standard of living. She aspires to own other centers and to ensure her child’s education.

Previous Loan Details

Irene is a resident of Likoni, Kenya. She is a married mother of one school-going child. She had previously worked as a house girl, and had started saving about $23 a month. After two years, she was able to open her retail shop. The shop has been in operation for four years and has been a source ... More from Irene'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
  • 706
    View loans »
    Kenya Loans Fundraising
  • $42,216,300
    Funds lent in using Kiva
  • 85.4
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Irene to buy stock for her general store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 14, 2012
Listed
Nov 19, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 21, 2014
This photo was used before for a previous loan for Irene. It was first posted on Kiva on Jun, 2012. Learn More