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Muthusi

Update on Muthusi

His business has continued to witness growth. He was able to stock his shop and provided health care to the residents of the area and this assisted him to educate his children. Muthusi looks forward to opening a medical clinic in the near future. Muthusi is applying for a loan of 83,450 Kenya shillings to purchase drugs and also establish a laboratory.

Previous Loan Details

Muthusi is a chemist who lives in Malindi area of Coast province, Kenya. He has been operating his chemist business for four years. He started off the business from his personal savings. He is married. He was introduced to Milango by his friends and joined the institution to access credit for... More from Muthusi'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
  • 1176
    View loans »
    Kenya Loans Fundraising
  • $40,482,525
    Funds lent in using Kiva
  • 86.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Muthusi to purchase more medications.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2012
Listed
Dec 14, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013
This photo was used before for a previous loan for Muthusi. It was first posted on Kiva on Feb, 2012. Learn More