Update on LydiahLydiah is quite happy about the progress her business has made. Prior to the festive season, she made great sales which enabled her to complete the repayments on time. She is applying for a loan of Ksh 85,900 Kenya shillings to increase the amount of stock in her business buying sugar, wheat and maize flour, and cereals, etc.
Lydiah looks forward to improving her business because she believes it is her only source of livelihood and can help pay the school fee requirements of her children. She still harbors the ambition of growing it to a wholesale shop.
Previous Loan DetailsLydiah lives in Kilifi area of Coast Province, Kenya. She is married and has three children. She owns a retail shop that she has been operating for six years. She learned about Milango through friends who invited her to the group, and she joined with the aim of accessing credit to improve he... More from Lydiah'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
- Dec 26, 2012
- Jan 15, 2013
- Currency Exchange Loss:
- Dec 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.