Update on IreneIrene 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 DetailsIrene 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 »
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
- 14 months (Additional Information)
- Repayment Schedule
- Nov 14, 2012
- Nov 19, 2012
- Currency Exchange Loss:
- Jan 21, 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.