Update on JulietJuliet lives in the Mombasa area. Her ambition for growth has helped her to achieve much through Milango Financial Services. Besides the add-on loans, she has been investing in farming.
As the rainy season approaches, Juliet is asking for a loan of KES 112,600 (Kenya shillings) to buy chicks, feed, and medicines. This will go towards her poultry farm and crop farming and she is not hesitant to invest in bee-keeping. Juliet believes this will be a good venture and source of income for her family.
Previous Loan DetailsJuliet lives in the Mombasa area of Coast Province, Kenya. She is a married business lady and owns a farming business. She keeps poultry. Besides this, she also deals in the transport business. She learned about Milango through friends who invited her to the group and she joined with the aim o... More from Juliet's previous loan »
More information about this loan
This loan is offered by Milango in partnership with Honey Care Africa to finance the purchase of beehives. Small-scale farmers who take out these loans will receive them in-kind in the form of Honey Care Africa beehives. That organization also provides farmers with training in commercial beekeeping and buys their honey at a guaranteed price to package and sell. Farmers can repay their loans with the proceeds made from selling the honey and continue to generate consistent, reliable income.
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 20, 2013
- Mar 28, 2013
- Currency Exchange Loss:
- May 7, 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.