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Anonymous
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Previous Loan Details

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Additional Information

More information about this loan

This loan is part of Milango's program designed for organic tea tree farmers in the Mt. Kenya region of the country. Partnering with Earth Oil -- a major distributor of organic and sustainable oil products -- and the USAID-funded FIRM project, Milango is offering loans to help groups of tea tree farmers establish steady and reliable incomes. FIRM provides skills training to farmers and Earth Oil provides seedlings and purchases the final products, guaranteeing a market. Accordingly, farmers' loan repayments are deducted from Earth Oil's purchasing prices, streamlining the process. Also easing the repayment process, Milango has built in an 18-month grace period to account for the time it takes for tea trees to mature and begin generating profits, and has waived its savings requirement.

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
  • 942
    View loans »
    Kenya Loans Fundraising
  • $41,750,050
    Funds lent in using Kiva
  • 85.2
    Kenya Shillings (KES) = $1 USD
Paying Back - Delinquent
A loan of $275 helped this borrower to buy tea tree seedlings for the business.
0% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 22, 2013
Listed
Jun 4, 2013
Currency Exchange Loss:
Possible
This photo was used before for a previous loan for Anonymous. It was first posted on Kiva on Jan, 2013. Learn More