Check out other loans that are currently fundraising!
Munyazi

Update on Munyazi

Munyazi is grateful for the loan she previously received through Milango. Her business has picked up well and was able to generate the required repayments besides meeting her needs. She would like to improve on it and even set up other sources of income. She is asking for a loan of 21,050 Kenya shillings to buy stock of paraffin for sale in a new business.

Previous Loan Details

Munyazi is a resident of Mariakani, Kenya. She is a married mother of two children. Munyazi owns a grocery stall where she sells fruits and vegetables. She began the business from her savings. The business has been operating for one year. Munyazi is applying for a loan of 10,650 KES to pur... More from Munyazi'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
  • 1011
    View loans »
    Kenya Loans Fundraising
  • $43,148,500
    Funds lent in using Kiva
  • 83.5
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Munyazi to buy stock of paraffin for sale in a new business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 1, 2013
Listed
May 15, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014
This photo was used before for a previous loan for Munyazi. It was first posted on Kiva on Nov, 2012. Learn More