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Mwaka

Update on Mwaka

Mwaka closed the year on a high note, in her business. She sold a high volume of fish and was well able to repay her loan. The income she earned with that loan helped provide for the family's needs.

Currently, her main challenges are the high cost of transportation and the perishable nature of her goods, because she buys fish from upcountry. These challenges have forced her to deal primarily in dried fish.

Mwaka is now applying for a loan of 41,850 Kenya shillings, to purchase additional stock of fish for sale. The extra income from the business will enable her to educate her children.

Previous Loan Details

Mwaka is a resident of Mariakani, Kenya. She is a widow and has six children, five of whom are in school. Mwaka is a fishmonger, a business she has run for 15 years. She also sells coconuts and other vegetables when in season. Mwaka started the business from $35 and has seen it grow to a capital ... More from Mwaka'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
  • $41,799,600
    Funds lent in using Kiva
  • 86.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Mwaka to purchase fish for sale.
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 Mwaka. It was first posted on Kiva on Jun, 2012. Learn More