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Grace

Update on Grace

Grace's business has continued to witness much growth. She was able to complete the repayments before the expected time due to increased income. She looks forward to a more fruitful year in 2013.


Grace is applying for a loan of 83,500 Kenya shillings to pay for additional food stuff required in her food stall. The additional income from this loan will help her pay for the educational expenses of her children. She still harbors the ambition of increasing the number of stalls.

Previous Loan Details

Grace, a married mother of four, is a resident of Changamwe Kenya. She runs a food stall that has been running for eight years. Grace was introduced to Milango by her friends. Grace is asking for a loan of 80,000 Kenya shillings to pay for additional stock of foodstuffs for the food stall. Her... More from Grace'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
  • 718
    View loans »
    Kenya Loans Fundraising
  • $42,281,825
    Funds lent in using Kiva
  • 86.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Grace to pay for additional stock of food stuffs for the food stall.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2012
Listed
Jan 15, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014
This photo was used before for a previous loan for Grace. It was first posted on Kiva on Feb, 2012. Learn More