Update on NathanielNathaniel is a resident of Mombasa, Kenya. He is married and has two children, one of whom is in school. Nathaniel owns a shop selling diesel and petrol, a business that he has been running for six years. He also farms and has a transport business. Nathaniel learned of Milango from his friends and joined the group to access funds for his business.
Nathaniel is applying for a loan of 62,650 Kenyan shillings to purchase petrol and diesel for sale. The main challenges in his business are scarcity and the high cost of fuel, as well as the fluctuation of prices. He looks forward to setting up his own business premises instead of renting and also to opening up another fuel outlet.
Nathaniel will use the additional income from the loan to pay for his child’s school fees.
Previous Loan DetailsNathaniel is a resident of Kongowea, Kenya. He is a married father of two children, one of whom is in school. He sells petrol in the region. This has proved a viable business due to the rise in the number of people who run the motorcycle business. Motorcycles are preferred by many people since th... More from Nathaniel'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
- 8 months (Additional Information)
- Repayment Schedule
- Nov 14, 2012
- Nov 19, 2012
- Currency Exchange Loss:
- Jun 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.