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Hamisi

Update on Hamisi

Hamisi is grateful for the first loan he received. His business grew much, and he plans to capitalize on the limited stock still available from some farmers to sell over the coming festive season. He is therefore applying for a loan of 41,850 Kenya shillings to purchase additional stock of cereals for sale. He believes come next year, he can invest in farming.

Previous Loan Details

Hamisi lives in the Coastal town of Likoni, Kenya. He is married and has three children. Hamisi operates a retail shop that has been open for four years. He began the business from buying and selling the products to the nearby markets from which he was able to raise capital. Hamisi learned of ... More from Hamisi'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
  • 805
    View loans »
    Kenya Loans Fundraising
  • $42,385,525
    Funds lent in using Kiva
  • 85.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Hamisi to buy some cereal products for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2012
Listed
Nov 23, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 21, 2014
This photo was used before for a previous loan for Hamisi. It was first posted on Kiva on Nov, 2011. Learn More