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David

Update on David

David is glad about the developments in his business. He received good income from the previous loan which helped him repay the loan on time. He is currently also employed as a court clerk.

He is applying for a loan of 62,650 Kenya shillings to purchase additional stock of charcoal. The challenge in the business has been that when it rains, the roads are unaccessible, since charcoal is found in the interior.

The additional income from the loan will help David pay for school fees, add stock of charcoal, and repay the loan faster.

Previous Loan Details

David is a resident of Mombasa, Kenya and runs a charcoal business. The business has been in operation for fifteen years. He is a married father of two children. He started the business from the loans he received from a micro finance. He has since paid off the loans. Despite the challenge of h... More from David'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
  • 1012
    View loans »
    Kenya Loans Fundraising
  • $43,148,500
    Funds lent in using Kiva
  • 86.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped David to purchase additional stock of charcoal.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2012
Listed
Jan 18, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014
This photo was used before for a previous loan for David. It was first posted on Kiva on Mar, 2012. Learn More