Update on Shakilah PeninahShakila Peninah used the previous loan to buy stock of second-hand clothes to sell and, with the proceeds, she has managed to change her lifestyle and that of her dependents. Shakilah Peninah still faces hardships of seasonal customers of the product she deals in plus price fluctuations. She maintains her vision of building rentals and transforming her business into a renowned boutique of second-hand clothes around town that can enable her to make more profits. Shakilah Peninah has asked for a loan to buy more stock of second-hand clothes to sell.
Previous Loan DetailsShakila is a 23-year-old married woman with 2 children. She lives in Fort Portal, Uganda. Her main business is selling second hand clothes. She started this business with a vision of earning a living and looking after her family. Shakila is facing challenges of weather changes and price fluctuati... More from Shakilah Peninah's previous loan »
Important InformationThis loan provides farmers and low-income entrepreneurs from underserved rural areas with access to financial services. By supporting this loan, you allow more farmers and rural entrepreneurs to access capital.
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
- Jun 13, 2014
- Jun 22, 2014
- Currency Exchange Loss:
- Nov 20, 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.