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Evans

Update on Evans

Evans is forty-one years old, married, and with three children. He distributes water to earn a living. He has been in the business for three years and describes his business environment as good because there is limited competition.

Since he joined Faulu Kenya, he has been able to save his income and hopes to expand his business in the future. He has applied for a loan of 30,000 Kenya Shillings to buy water pipes and a water tank.

Previous Loan Details

Evans is a hardworking 41 year old business man. He is married and blessed with three children. For the last three years he has been distributing water. He gets extra income from his rental houses. In the next 5 years Evans wants to have opened up another water point and his dream is to expand... More from Evans's previous loan »

Additional Information

More information about this loan


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
  • 979
    View loans »
    Kenya Loans Fundraising
  • $40,863,875
    Funds lent in using Kiva
  • 85.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Evans to buy water pipes and a water tank.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 18, 2012
Listed
Feb 1, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012