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Salma

Update on Salma

Salma's business is running well. She used the previous loan to buy a motorcycle, which has helped to increase/diversify her sources of income. She is currently applying for a loan of 64,450 Kenya shillings to add a new stock of construction materials to her hardware store.
Salma believes this will improve her income and help meet her basic needs and the required loan repayments.

Previous Loan Details

Salma lives in the coastal town of Mombasa, Kenya. She is married and has five children, all of whom are in school. She earns a living by selling hardware and building supplies such as cement, wood and pipes. She also earns money on the side selling fresh juice. She is applying for a loan for Ksh... More from Salma'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
  • 993
    View loans »
    Kenya Loans Fundraising
  • $40,863,875
    Funds lent in using Kiva
  • 85.5
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Salma to buy a new stock of construction materials for her hardware store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 27, 2013
Listed
Mar 18, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013
This photo was used before for a previous loan for Salma. It was first posted on Kiva on Nov, 2011. Learn More