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Victoria

Update on Victoria

Victoria's boutique is increasing in the level of activity. Despite being widowed, she has put much effort towards supplying the needs of her family. She obtained high returns, which enabled her to repay the loan on time. Victoria is widening the business to host a salon and beauty stop. She is also employed at a Catholic mission.

Victoria is hereby applying for a loan of 107,250 Kenya shillings to decorate the salon, buy two dryers, blow dryers, chairs and beauty products. Her ambition is to open a beauty school despite the power outages and believes this will provide a constant income stream to educate her children.

Previous Loan Details

Victoria is a resident of Changamwe, Kenya. She started the business from her personal savings and and salary. Victoria owns a boutique which has been running for eight years. She is married and has three children. Victoria was introduced to Milango by her friends and is applying for a loan of... More from Victoria'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
  • 1174
    View loans »
    Kenya Loans Fundraising
  • $40,458,550
    Funds lent in using Kiva
  • 85.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Victoria to decorate the salon and buy equipment and beauty products.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2013
Listed
Mar 28, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014
This photo was used before for a previous loan for Victoria. It was first posted on Kiva on Mar, 2012. Learn More