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Paul

Update on Paul

Paul is happy that the first loan helped him to stabilze his business. He seeks another loan of 10,650 Kenya shillings to add timber stock to his business.

The major challenges he faced during the last loan term was competition and price fluctuation. He is still determined to educate his children and this remains his number one priority.

Previous Loan Details

Paul is a timber dealer in Changamwe, Kenya. He is married and has two children. He began this business 8 years ago by selling scrap timber and later moved on and purchased logging machines. Paul learned about Milango from friends and joined in order to access funding for his business. He is… More from Paul'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
  • 437
    View loans »
    Kenya Loans Fundraising
  • $38,327,075
    Funds lent in using Kiva
  • 85.2
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $150 helped Paul to purchase timber for resale.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 22, 2013
Listed
Jun 7, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013
This photo was used before for a previous loan for Paul. It was first posted on Kiva on Dec, 2011. Learn More