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Mary

Update on Mary

Mary is a married woman. She has 5 children with ages ranging from 5 to 20 years. She describes herself as a focused woman. She operates a retail business where she sells clothes. She has been involved in this business for 4 years. Her business is located in a very busy business environment and her primary customers are local residents. She describes her biggest business challenge to be the language barrier when selling to customers. She will use the Kes 50,000 loan to buy clothes to sell. Her business goal is to be a wholesaler of clothing within 5 years. This is her third loan with SMEP DTM after having repaid her previous loans of Kes 20,000 successfully.

Previous Loan Details

Mary is a 42-year-old woman. She has five children with ages ranging from 5 years to 20 years. She describes herself to be a kind and loyal woman. She operates a retail store where she sells clothes for resale. She has been involved in this business for four years. Her business is located within ... More from Mary'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
  • 701
    View loans »
    Kenya Loans Fundraising
  • $42,250,025
    Funds lent in using Kiva
  • 85.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Mary to purchase clothes to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2013
Listed
Mar 29, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014
This photo was used before for a previous loan for Mary. It was first posted on Kiva on Jul, 2012. Learn More