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Muurya

Update on Muurya

Muurya, a businessman in Mombasa, has seen much growth in his business. He is grateful for the link with Milango through the group members who gave him an opportunity to expand his business by accessing loans and increasing his income. Muuryra is applying for a loan of 104,800 Kenya shillings to purchase additional stock of ladies' accessories like clips, braids, makeup, etc. and targets the customers visiting the town over the festive season. He believes he can repeat and surpass the performance of last year.

Previous Loan Details

Muurya lives in Mombasa, Kenya. He is single and is a hawker; a business he has run for the last five years. He learned of Milango from his friends and joined in order to access credit. Muurya is applying for a loan of Ksh 80,000 to purchase hair clips, braids, make up kits and other ladies’ acce... More from Muurya'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
  • 930
    View loans »
    Kenya Loans Fundraising
  • $41,080,625
    Funds lent in using Kiva
  • 85.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Muurya o purchase additional stock of ladies' accessories like clips, braids, etc.
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:
Jan 21, 2014
This photo was used before for a previous loan for Muurya. It was first posted on Kiva on Jan, 2012. Learn More