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Mark

Update on Mark

Mark is a 31-year-old married man. He describes himself to be highly self-motivated. He operates a retail shop where he sells bread, milk, washing soap, salt and other household items.

He has been involved in this business for four years. His business is located in an area with a market and his primary customers are the general public. He describes his biggest business challenge to be inadequate funds .

He will use the KES 50,000 loan to add stock to his inventory of milk, sugar, rice and other items to sell in his retail store. His business goal is to own a wholesale shop within five years. He hopes that in the future, he will be financially stable. This is his second loan with SMEP DTM. His previous loan of KES 20,000 was repaid successfully. He will use the anticipated profits to improve his living standards.

Previous Loan Details

Mark is a 30-year-old single man. He describes himself to be innovative. He operates a retail shop where he sells milk, sugar, rice and other items. He has been involved in this business for 5 years. His business is located in an urban area. He describes his biggest business challenge to be lack ... More from Mark'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.

Tags

About Kenya

  • $1,800
    Average annual income
  • 855
    View loans »
    Kenya Loans Fundraising
  • $43,028,475
    Funds lent in using Kiva
  • 86.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Mark to add stock to his inventory of milk, sugar, rice and other items to sell in his retail store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2013
Listed
Jan 13, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015
This photo was used before for a previous loan for Mark. It was first posted on Kiva on May, 2013. Learn More