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Tonny

Update on Tonny

Tonny, who lives in Mombasa, Kenya, is 31 years old, married and blessed with two children aged eight and six, both of whom attend school. Tonny runs a retail shop in Jomvu area that is doing fine, and he sees himself owning a wholesale business in the next five years. His enterprise has been in operation for more than ten years, and his challenges are high transportation costs and the high cost of goods.



Tonny learnt of Milango through an employee who invited him to join. He now seeks a loan to buy retail stock like sugar, salt and flour. The extra income that he will raise from the business will help improve their living standards.

Previous Loan Details

Tonny lives in the Mombasa area of Coast Province, Kenya. He is married and has two children. He owns a retail shop, a business which has been running for ten years. In this business, he sells retail stock, e.g., rice, sugar, flour, and cooking oil. He learnt about Milango through friends who inv... More from Tonny'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
  • 863
    View loans »
    Kenya Loans Fundraising
  • $42,924,225
    Funds lent in using Kiva
  • 87.4
    Kenya Shillings (KES) = $1 USD
Expired
A loan of $975 helped Tonny to buy retail stock like sugar, flour etc.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2013
Listed
Aug 15, 2013
Currency Exchange Loss:
Possible
Expired:
Sep 14, 2013
This photo was used before for a previous loan for Tonny. It was first posted on Kiva on Apr, 2013. Learn More