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Magdalene

Update on Magdalene

The retail shop Magdalene has is improving, giving her the much needed income for the education of her children. She is grateful for the first loan she received since this gave her the impetus to grow the business. She is applying for a loan of 62,650 Kenya shillings to purchase additional retail stock like sugar, maize flour, cooking oil, and soft drinks. She believes this will definitely help her children complete their schooling.

Previous Loan Details

Magdalene lives in Changamwe, Kenya. She is married and has three children, one of them in college. Magdalene owns a retail shop which has been in operation for four years. She also blends fruits and sells the fresh juice.

Magdalene was introduced to Milango by her friend and she is applying… More from Magdalene'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
  • 350
    View loans »
    Kenya Loans Fundraising
  • $38,138,825
    Funds lent in using Kiva
  • 85.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Magdalene to buy sugar, maize flour, cooking oil, and soft drinks.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2012
Listed
Nov 23, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013
This photo was used before for a previous loan for Magdalene. It was first posted on Kiva on Nov, 2011. Learn More