Check out some available loans that are similar to this one!
Carolyn

Update on Carolyn

Carolyn is a 36 year old married lady who is blessed with two children aged 9 and one year old. Only one child who is 9 years old goes to school. She has been running a tailoring and dressmaking business in Nairobi to make a living since 2002. She has employed one person to help her run the business. The major challenge she has faced is competition. She is requesting a loan for 70,000 Kenyan shillings (KES) to buy fabric. In the next five years, she wants to become more financially stable. Thanks to Faulu Kenya, she has been able to manage her business with her previous loan. She describes herself as hardworking, visionary and committed.

Previous Loan Details

Carolyn is a 35-year-old lady. She is the single mother of one 8-year-old child who goes to school. She operates a tailoring and dressmaking business in Nairobi, a business that she has been running since 2002. She hopes to create more job opportunities for many other Kenyans by employing them in... More from Carolyn's previous loan »

Additional Information

About Faulu Kenya

Faulu Kenya aims to empower Kenyans by providing relevant financial solutions. Faulu is a sustainable and profitable microfinance institution that offers savings and credit services to over 225,000 Kenyans. Faulu recently became the first MFI in Kenya to be licensed as a Deposit-Taking Micro-Finance Company, which will enable Faulu to better serve its clients.

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.

About Kenya

  • $1,800
    Average annual income
  • 737
    View loans »
    Kenya Loans Fundraising
  • $42,304,775
    Funds lent in using Kiva
  • 100.5
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Carolyn to buy stocks of fabric.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 21, 2011
Listed
Nov 15, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 16, 2012