Update on JohnsonJohnson lives in Kongowea area near Mombasa, Kenya. He buys and sells livestock. He has been in this business for the last eight years and the business is doing wonderfully. He has had a previous Kiva loan, which he paid back without challenges. He also practices poultry keeping and this also earns him some income.
In the next five years, he wants to own a butchery. This is his long-term ambition. He knew of Milango through a friend and now seeks a loan to buy goats, sheep, chickens and cows to sell. His business is usually low when the season is low. With the income he raises from this loan, he will educate his children.
Previous Loan DetailsJohnson lives in the Kongowea area of Coast province, Kenya. He is married and has five children. He owns a hawking business and sells livestock, a business he has been operating for six years now. He learned about Milango through a friend who invited him to the group and he joined with the aim… More from Johnson'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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Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Jul 17, 2013
- Aug 15, 2013
- Currency Exchange Loss:
- Sep 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.