Update on KitsaoKitsao 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 DetailsKitsao 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 »
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
- Feb 13, 2013
- Feb 28, 2013
- Currency Exchange Loss:
- May 7, 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.