Update on AminaAmina is happy being a Milango client. She had a previous loan of 10,650 Kes which helped her buy seeds and bags for planting. She is now applying for a loan of 21,050 Kenya shillings to prepare the farm and buy seeds and fertilizers. She intends to save the additional income for future projects and her main ambition is to increase the acreage.
The lending group which she joined is called “adui ni njaa”; translated as 'hunger is the enemy'. All are farmers and are working hard towards food security.
Previous Loan DetailsAmina started off with about 20 seedlings but her farm has now grown to over 200 seedlings every time. She has been planting the seedlings and selling some to neighbors. She is applying for a loan of 10,650 Kenyan shillings to purchase tree planting materials, e.g., seeds and the bags. Amina i... More from Amina's previous loan »
More information about this loan
This loan is part of Milango's program designed for organic tea tree farmers in the Mt. Kenya region of the country. Partnering with Earth Oil -- a major distributor of organic and sustainable oil products -- and the USAID-funded FIRM project, Milango is offering loans to help groups of tea tree farmers establish steady and reliable incomes. FIRM provides skills training to farmers and Earth Oil provides seedlings and purchases the final products, guaranteeing a market. Accordingly, farmers' loan repayments are deducted from Earth Oil's purchasing prices, streamlining the process. Also easing the repayment process, Milango has built in an 18-month grace period to account for the time it takes for tea trees to mature and begin generating profits, and has waived its savings requirement.
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:
- Jan 17, 2014
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.