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Benard

Update on Benard

Benard lives in Mariakani, Kenya. He is 48 years old, married, and blessed with five children. Three of his children attend school. He operates a wholesale shop where he lives, and he is seeking to add another product line to his business. He got to know Milango through friends, and he joined. He has been able to borrow from Milango and Kiva as well. All the loans he has taken out were repaid without much difficulty. He has now applied for another loan to import cell phones for his shop. The major challenge that he deals with in his business is the unstable prices. The income that he produces with the loan will help him to send his children to school and improve their living standard.

Previous Loan Details

Benard is happy to have joined Milango. He has witnessed growth in his business but he is faced with the challenge reliable transportation for transporting his goods. Benard is therefore asking for a loan of 41,850 to buy a motorcycle to transport goods to and from the market. He believes this wi... More from Benard'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
  • 842
    View loans »
    Kenya Loans Fundraising
  • $42,925,925
    Funds lent in using Kiva
  • 87.0
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Benard to import cell phones to add a new product line to his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2013
Listed
Jul 26, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014