Update on WasheWashe is grateful to have received a first loan from Kiva. He lives in the Mariakani area of Coast Province, Kenya. His retail business is moving on well and has a bright future, though he currently faces lack of funds to buy additional stock arising from increased demand. He sells items like rice, sugar, flour, and cooking oil.
Washe is applying for a loan of 41,900 KES to buy more stock for his store. The extra income from the loan will be added to his savings to improve the living standard of his family, especially by providing an education for his children. Washe has also been engaging in farming to supplement the family income.
Previous Loan DetailsWashe, who lives in the Changamwe area of Coast province, is married and has seven children, three of whom attend school. The owner and operator of a retail shop for five years now, he also earns income through farming. His major challenges are high prices for goods and fuel.
Washe learned… More from Washe'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
- 13 months (Additional Information)
- Repayment Schedule
- Mar 6, 2013
- Mar 15, 2013
- Currency Exchange Loss:
- Oct 18, 2013
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.