Update on MacmillanMacmillan lives in Malindi area of Coast Province, Kenya. He is married and has six school-going children. He owns a dairy farm and a crop-farming business that he has been operating for five years. He started the business through his own savings. Macmillan also owns rental houses, and the family earns some income from this.
He learned about Milango through friends who invited him to the group, and he joined the group with the aim of accessing credit to improve his business operations. The main challenges he is facing are drought and occasional low seasons. He would therefore like to invest in other sources of income, preferably transport. Motorcycles are used very often for this because of the bad road network.
Macmillan is applying for a loan of 83,500 Kenya shillings to buy a motorcycle. His extra income from the loan will be added to his savings to improve the education of his children. His future plans are to buy cars for transporting his dairy milk and buy some broilers for the poultry firm.
Previous Loan DetailsMacmillan lives in the Malindi area of the Central Province, Kenya. He is married with six children. He owns a dairy farm, a business he has been operating for ten years. Besides this, he is works for another employer. He learned about Milango through a friend who invited him to the group.… More from Macmillan'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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