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Sammy

Update on Sammy

Sammy is grateful for the first loan he received. His business is making great progress. He now intends to increase the number of motorcycles he owns. Sammy is applying for a loan of 31,450 Kenya shillings to add to his savings and purchase a motorcycle. Despite the challenge of competition due to the high number of motorcycles, Sammy believes he can make it through in the business. His desire is to purchase a three-wheeler in the future.

Previous Loan Details

Sammy lives in the Malindi area of Coast Province, Kenya. He is married and has three children all of whom attend school. He has a transport business which he has been operating for four years. He learned about Milango through friends who invited him to the group, and he joined with the aim of... More from Sammy'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
  • 702
    View loans »
    Kenya Loans Fundraising
  • $39,776,375
    Funds lent in using Kiva
  • 85.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Sammy to buy a motorbike.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2013
Listed
Mar 22, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 25, 2013
This photo was used before for a previous loan for Sammy. It was first posted on Kiva on Aug, 2012. Learn More