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Margret

Update on Margret

Margret is grateful for having received a number of loans through Milango. The business is doing well and was able to raise required repayments for the previous loan.

Margret has decided not to take out a larger loan because of the low season, but would like to purchase a few items on demand. She is therefore applying for a loan of 10,650 Kenya shillings (KES) to buy basins and cups to sell, as these items are in demand in the area.

Previous Loan Details

Margret lives in Mariakani, Kenya. She owns a boutique which has been in operation for five years and employs two people. She is married and has two school-going children. Besides selling clothing, Margret sells plastic utensils. She joined Milango in order to access credit after an invitation ... More from Margret'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
  • 962
    View loans »
    Kenya Loans Fundraising
  • $41,060,325
    Funds lent in using Kiva
  • 83.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $150 helped Margret to buy basins and cups for sale.
100% repaid
Repayment Term
3 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 3, 2013
Listed
Apr 24, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013
This photo was used before for a previous loan for Margret. It was first posted on Kiva on Dec, 2011. Learn More