Update on EcraEcra owns a clothing business and is glad about the progress that her business has made. The new clothes she purchased from her recent loan enabled her business to repay the loan quickly. She is grateful to the lenders for such great support and for the impact on her life and business.
Her clothing dealership has continued to progress well and she now intends to increase the stock. Ecra is applying for a loan of 128,650 Kenya shillings to purchase new clothing. She will use the extra income from this loan to educate her children.
Previous Loan DetailsEcra is a resident of Changamwe, Kenya. She is a clothes dealer; a business she began 5 years ago. She is married and has three school-going children. Ecra was introduced to Milango by her friends; she joined in order to access funding for her business. Ecra is applying for a loan of 80,000 KES… More from Ecra'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
- Dec 26, 2012
- Jan 18, 2013
- Currency Exchange Loss:
- Mar 13, 2014
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.