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Willy

Update on Willy

The previous loan that was given to Willy has ended and he saw growth in his business. He is now seeking a loan of 26,250 Kenya shillings to add stock to his boutique.

A major setback is the competition from other businesses. He plans to open a wholesale shop and open more branches of his business.

Previous Loan Details

Willy lives in the Kongowea area of Coast province, Kenya. He is a father of four children, three of whom attend school. He owns a secondhand clothing shop, a business he has been operating for ten years. He learned about Milango through a friend who invited him, and he joined a group with the… More from Willy'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
  • 327
    View loans »
    Kenya Loans Fundraising
  • $38,107,150
    Funds lent in using Kiva
  • 84.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Willy to buy clothes for the business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2013
Listed
Jun 2, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013
This photo was used before for a previous loan for Willy. It was first posted on Kiva on Oct, 2012. Learn More