Update on ChristineChristine is happy for the loans she has received through Milango. Her business is running well, and she looks forward to increasing the operations in her business. Christine has established a good network of customers and at times sells fresh bananas to her neighbours.
She is applying for a loan of 63,850 Kenya shillings to purchase salon products such as cosmetics. The extra income will help in her children's education.
Previous Loan DetailsChristine's business has witnessed much growth from the first loan she received. Besides, the sales have also improved. She is applying for this loan of 41,850 Kenya shillings to purchase salon items and stock. More from Christine'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