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Update on Martin

Martin had a wonderful season with the previous loan. His customer base grew and now he is targeting buying his own cattle and slaughtering them for resale. He now seeks a loan of 83,450 Kenya shillings to buy cattle. He wants to stop using middlemen and cut down on expenses. He has an ambition of opening more butcheries. The challenge he faces is unstable market prices.

Previous Loan Details

Martin lives in Likoni area of Coast Province, Kenya. He is married and has three children. He owns a butchery and a car wash business which he has been operating for one year. He learnt about Milango through friends who invited him to the group and he joined with the aim of accessing credit t... More from Martin'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
  • 611
    View loans »
    Kenya Loans Fundraising
  • $44,775,100
    Funds lent in using Kiva
  • 85.1
    Kenya Shillings (KES) = $1 USD
A loan of $1,000 helped Martin to buy beef cattle.
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 22, 2013
Jun 7, 2013
Currency Exchange Loss:
Jul 7, 2013
This photo was used before for a previous loan for Martin. It was first posted on Kiva on Sep, 2012. Learn More