Update on JulietJuliet is happy because of the progress her business is making. She is able to provide for her family, despite the small size of her venture. She was able to complete the repayments of the first loan on time.
Now Juliet is applying for a new loan, of 15,900 Kenyan shillings, to purchase ingredients to use in making the foods she sells, such as sugar, flour, cooking oil and potatoes. The extra income from the loan will be added to her savings, to improve her family's living standard. She aspires to own other business locations, and to pay for her children’s education with much security.
Previous Loan DetailsJuliet is a resident of Kongowea area of Coast province, Kenya. She is a widowed mother of six school going children. Juliet owns a mobile food supply business, mainly dealing in fried potatoes and buns and has been running this for two years. She learnt about Milango from an employee and joined… More from Juliet'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.