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Margaret

Update on Margaret

Margaret is married and has 2 children, 7 and 12 years old. She describes herself as a focused woman. For the past 5 years, Margaret has operated a retail store where she sells household items. Her business is located within a fast growing area and her primary customers are residents. Margaret describes her biggest business challenge to be insufficient funds for improving the business. She will use this KES 40,000 loan to buy household items to sell. Her business goal is to expand the business within 5 years. This is Margaret's second loan, having successfully repaid her previous loan of KES 20,000.

Previous Loan Details

Margaret is a 42-year-old married woman. She has two children. She describes herself as focused and creative. She operates a retail store where she sells home products such as sugar, salt, margarine, etc. She has been involved in this business for five years. Margaret's business is located wi... More from Margaret'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
  • 1056
    View loans »
    Kenya Loans Fundraising
  • $40,896,100
    Funds lent in using Kiva
  • 87.4
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Margaret to buy household items to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 31, 2012
Listed
Jan 24, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014
This photo was used before for a previous loan for Margaret. It was first posted on Kiva on Oct, 2012. Learn More