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Kitsao

Update on Kitsao

Kitsao is grateful for the loan you lent to him. He purchased materials, sewing threads, needles, etc. from the loan he received. The business has improved and he was able to repay the loan before the expiry of the schedule.

He is therefore applying for another loan of 41,900 Kenyan shillings to buy sewing machines and fabrics for the business. This he believes will help him to more reliably provide education for his children.

Previous Loan Details

Kitsao lives in the Malindi area of Coast Province, Kenya. He is married and has two children, both of whom attend school. Kitsao has owned and operated a tailoring business for two years.

Kitsao learned about Milango through a friend who invited him to the group. He joined with the aim of ... More from Kitsao'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
  • 1182
    View loans »
    Kenya Loans Fundraising
  • $40,486,000
    Funds lent in using Kiva
  • 87.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Kitsao to buy sewing machines and fabrics for sewing.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2013
Listed
Feb 28, 2013
Currency Exchange Loss:
Possible
Ended:
May 7, 2014
This photo was used before for a previous loan for Kitsao. It was first posted on Kiva on Jul, 2012. Learn More