Update on MustiriMustiri lives in the Mombasa area of Coast Province, Kenya. He is a married businessman and owns a farming business. He has kept poultry for eight years, and employs one person on the farm. Besides this, he is also a land and estate sales/rental agent.
Mustiri learnt about Milango through friends, who invited him to the group. He joined with the aim of accessing credit to improve his business operations. His main challenge is lack of funds for business growth, a problem he sees as being fixed through this loan. Mustiri is applying for a loan of 57,500 Kenya shillings to buy more chicks, feed, and drugs, and to expand the rearing area. He will use the extra income to develop a residential house for his family so he can stop renting.
Previous Loan DetailsMustiri lives in the Mombasa area of Coast Province, Kenya. He is a married businessman and owns a farming business. He keeps poultry. Besides this, he is also a land and estate sales/rental agent. The poultry business has been running for eight years. Mustiri employs one person in the farm. H... More from Mustiri'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
- Mar 13, 2013
- Mar 21, 2013
- Currency Exchange Loss:
- Apr 16, 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.