Update on Daisy JepkosgeiDaisy is a 39-year-old woman. She is a married to an accountant and together they are blessed with four children, two sons and two daughters.
Previously she was employed in a firm where she was getting her monthly salary, but then she decided to increase her income by engaging herself in a retail store activity. For the past three years to date, she has been selling clothes and handbags in Nairobi along a busy street. Her primary customers are ladies.
She has taken out two previous loans and has been able to pay them back well. She is facing a business environment of insufficient funds to increase her stock and therefore she is requesting a loan of Kes 50,000 to buy fabric, handbags and ready-made clothes to sell, so that she can meet her customers' high demands.
Daisy anticipates a profit, which she plans to use to pay for a permanent stall in the town. This will cut the monthly costs for rent in her current area of operation. She also plans to increase her stock turnover to over a million a month. Daisy is an aggresive, innovative and God fearing woman.
Previous Loan DetailsDaisy is a married woman. She has four children with ages ranging from 6 to 17 years old. She describes herself as ambitious. She operates a retail store where she sells clothing for young ladies and babies. She has been involved in this business for three years. Her primary customers are ladies.... More from Daisy Jepkosgei'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
- Apr 11, 2012
- Apr 25, 2012
- Currency Exchange Loss:
- Jun 16, 2012
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.