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Irene

Update on Irene

Irene's business has been experiencing great progress. She began the business through hawking, then purchased a motorcycle which has been earning her some income. She intends to increase the business and its outreach, to supply sanitary pads and clothes to the residents of the rural areas.

She is applying for a loan of KES 75,150 to purchase another motorcycle.

Previous Loan Details

Irene lives in the Likoni area of Coast Province. She is single. She operates a hawking business, which she has been operating for two years now. She started the business through her own little savings. In this business she sells clothes, sanitary pads, and cosmetics. Irene learned about Milango… More from Irene'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
  • 440
    View loans »
    Kenya Loans Fundraising
  • $38,313,825
    Funds lent in using Kiva
  • 85.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Irene to buy a motorcycle.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2013
Listed
Mar 28, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014
This photo was used before for a previous loan for Irene. It was first posted on Kiva on Aug, 2012. Learn More