Update on SamsonSamson is grateful for the first loan he received. The family is receiving much help and making great help. He aspires to grow the business from a local supplier to a commercial supplier. He has been able to venture into selling of building poles and charcoal, too, to diversify his income sources.
He is therefore asking for a loan of 41,850. He will use it to buy a fishing boat and a new batch of chicks.
Previous Loan DetailsSamson lives in the Malindi area of Coast Province, Kenya. He has four children, three of whom attend school. He is a fishmonger, a trade that he has been involved in for four years. He also earns a salary from poultry farming. Samson learned about Milango through a friend and aims to access c... More from Samson's previous loan »
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