Update on MercelineMerceline is a resident of Malindi, Kenya. She is a dairy farmer who has been doing the business for two years. Besides this, the business grew and she invested in other areas of income-generating activities. She now also sells fish and water to the residents living around her.
Merceline is applying for a loan of 41,850 Kenya shillings to buy medicine for the cattle, purchase additional fish and also buy water tanks. Her challenge occurs during the low season when demand becomes low. She believes this loan will help her provide for the family needs.
Previous Loan DetailsMerceline is a dairy farmer who lives in Malindi, Kenya. She has been in the business for the last two years. She has two children. Merceline received a cow from her parents and kept the cow till it gave birth, and has been selling the milk since then. She was introduced to Milango by her friends… More from Merceline'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 21, 2012
- Dec 4, 2012
- Currency Exchange Loss:
- Dec 17, 2013
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.