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Milka

Paper Crafts

opp winam court, Kenya

Personal Story

I went to primary and secondary school in a village in Kisumu. Later I joined college in Kisumu town and am self employed. I have a dream of having a coloured paper production unit.

Personal Update - Apr 25, 2013

I invested the loan on paper production and I have since been able to triple my production. I have also been able to get customers to buy my products enabling me to have a sustainable income

Business Description

I make handmade paper which I use for cards, envelopes, gift bags, scrap books, photo frames, albums and gift boxes. I started this business in 2002 and the biggest challenge is the weather conditions.

Business Update - Apr 25, 2013

Business has increased significantly and I have been able to get new customers.

What did you use your last loan for?

Buying raw materials, tools and equipment

What is the purpose of this loan?

Expand my bsiness by making more lifters, net, pins and glue worth 18,000. I will also do a marketing budget of 2000
The purchase will result in increased production hence more profit
The impact will be more products hence better discounts during material purchase and I will hence be competitive
This loan will directly impact my life by enabling me pay school fees for my child and other family members.

Milka's loan is endorsed by Kisumu Innovation Center Kenya (KICK). The information below explains why her trustee thinks Milka is a great candidate for a Kiva Zip loan.

Endorsement for this loan

How has the borrower's personal life and business changed since receiving a Kiva Zip loan?

The borrower has been able to expand her business from making 10 sheets of A1 paper to 50 sheets per day. She has also joined a SACCO where she is now saving her profits.

Why are you recommending this borrower for another loan?

Milka was among the best of the borrowers in terms of repayment of the first loan. She has also grown her business and the money she was given has greatly helped her in this venture.

Original endorsement - Jan 30, 2013

How long have you known this person?

More than 5 years

Tell us about your relationship with this borrower.

Milka has risen from an artisan to currently an investor in the business and has bought shares in our business. She is very hardworking and strives to outperform her competition.

Tell us about this borrower's personality and character, and why you are endorsing him or her for a Kiva Zip loan.

A quiet but hardworking lady who concentrates on quality products and ensures timely delivery to customers

Tell us about this borrower's business, and why you believe a Kiva Zip loan will contribute to his or her success.

Milka concentrates on hand made paper and this loan will enable her expand her business and create a whole new range of paper craft products.

1 Total
Www_1198581
Falun, Sweden
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ENDED

A loan of $250 helps me to purchase raw materials for my paper business

Disbursed Jul 2, 2013
Repayment Term:
24 weekly payments
Grace Period:
N/A
Listed:
Jul 1, 2013
Disbursed:
Jul 2, 2013
Paying Back:
Jul 3, 2013
Ended:
Nov 26, 2013

About Paper Crafts

Industry:
Arts / Crafts
Years in Operation:
More than 5 years
Badges:
Badge_repayment_gold_smallBadge_connectedness_gold_small

Previous Loans

[Image]
Amount
$125
Paid Back
Apr 22, 2013

What are Borrower Badges?

Borrower Badges are a system designed to recognize and reward borrowers’ engagement with the Kiva Zip website.

There are two types of badges that are tiered like medals: Gold, Silver and Bronze.

  1. 'Repayment badges' are awarded for the on-time repayment of loans.
  2. 'Connectedness badges' are awarded for engagement with the Kiva Zip website.

Other loans in KICK Trading A (second round) Group

What is a group?
[Image]
Frederick
Siaya, Kenya
Disbursed Jul 2, 2013
[Image]
Peter
Kisumu, Kenya
Disbursed Jul 2, 2013
[Image]
Apollo
opp.winam court, Kenya
Disbursed Jul 2, 2013
[Image]
Roseline
Kisumu, Kenya
Disbursed Jul 2, 2013
[Image]
Richard
Kisumu, Kenya
Disbursed Jul 2, 2013
[Image]
Macharius
Kisumu, Kenya
Disbursed Jul 2, 2013
[Image]
Patrick
Kisumu, Kenya
Disbursed Jul 2, 2013

This loan is endorsed by

Trustee Type:
Social Enterprise
Location:
Kisumu, Kenya
Badges:
Badge_repayment_gold_small Badge_connectedness_silver_small
On Zip Since:
Jan 30, 2013
(15 months)
Loans Endorsed:
51
Total Value:
$11,250
Fundraising/Raised:
2
Paying on Time:
14
Paying Back Late:
1
Repaid in Full:
34
Defaulted:
0
Repayment Rate:
100%
Why are you endorsing Milka?

Milka was among the best of the borrowers in terms of repayment of the first loan. She has also grown her business and the money she was given has greatly helped her in this venture.

What are Trustee Badges?

Trustee Badges are a system designed to recognize and reward trustees’ engagement with the Kiva Zip website.

There are two types of badges that are tiered like medals: Gold, Silver and Bronze.

  1. 'Repayment badges' are awarded for the on-time repayment of loans.
  2. 'Connectedness badges' are awarded for engagement with the Kiva Zip website.
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