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Elisha

Update on Elisha

Elisha has witnessed much growth over the last few months. Although the business began from the humble beginnings of hawking to various houses and centers, he now boasts a stall with steady customers. He is applying for a loan of 52,300 Kenya shillings to increase the stock of clothes over this festive season and other fast moving consumer goods. He says the target of owning a wholesale is still on course.

Previous Loan Details

Elisha, a married man, is a resident of Mariakani, Kenya, a town located along a highway that links two Kenyan cities. The town receives a number of visitors besides the local residents. Elisha started the clothes business with assistance from family members 10 years ago. He is applying for a... More from Elisha'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
  • 964
    View loans »
    Kenya Loans Fundraising
  • $40,867,100
    Funds lent in using Kiva
  • 85.9
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Elisha to purchase new clothes to sell and other fast moving consumer goods.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2012
Listed
Dec 31, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013
This photo was used before for a previous loan for Elisha. It was first posted on Kiva on Jun, 2012. Learn More