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Wayua

Update on Wayua

Wayua is grateful for the first loan she received through Kiva. Her business improved, and it is due to that improvement that she is applying for another loan. She is also grateful because her secondary business in the transport industry is also doing well.

Wayua is applying for a loan of 41,900 KES to purchase items like bed sheets, shoes, and second-hand clothing for sale. She believes the income from this loan will help her educate her children. Wayua is focused on one day owning a wholesale shop, despite the challenge of low business seasons.

Previous Loan Details

Wayua lives in the Malindi area of Coast Province, Kenya. She is a married business lady and a mother of two. Wayua runs a used clothes business, which she has been operating for eight years. In this business she sells shawls, handbags, pants, shoes, etc. She also owns a motorcycle, with which sh... More from Wayua'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
  • 878
    View loans »
    Kenya Loans Fundraising
  • $43,075,425
    Funds lent in using Kiva
  • 85.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Wayua to purchase second-hand clothing and linens.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2013
Listed
Mar 15, 2013
Currency Exchange Loss:
Possible
Ended:
May 7, 2014
This photo was used before for a previous loan for Wayua. It was first posted on Kiva on Jan, 2013. Learn More