Update on Maurice OtienoMaurice is a Kenyan man, aged 42. He is married with four children. He runs a soft drinks sales business. The business is situated in a bus terminus that is very busy, and his customers are travelers. He has been in the business for 11 years. He says that the business is good, and the major challenges he has are financial constraints, changes of weather and the escalating prices of commodities.
He is using his loan of 20,000 Kenyan shillings to increase stock of soft drinks to meet the demand of his customers. He hopes to give his children a good education to the university level. He also hopes to grow his cafe by putting up a permanent premises to run it in the future. He describes himself as God-fearing, aggressive, responsible, honest and humble. This is his second loan with SMEP DTM. His previous loan was repaid successfully.
Previous Loan DetailsMaurice is a Kenyan man aged 41. He is married with four children. He runs a soft drinks sales business. The business is situated in a bus terminus that is very busy, and his customers are travelers. He has been in the business for 10 years. He says that the business is good and the major… More from Maurice Otieno's previous loan »
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.
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