Update on BethBeth is 43 years old, married, and has six children. She runs a retail shop to earn a living, which she has been doing for 10 years. Beth describes her business environment as favorable because there is limited competition. She farms to earn extra income.
Beth is requesting a loan for 90,000 KES, which she will use to buy maize flour, wheat flour, and sugar. Since she joined Faulu Kenya, she has been able to improve her living standards. Beth hopes to expand her business in the future.
Previous Loan DetailsBeth is 43 years old, married, and has six children. She runs a retail shop and has been doing so for 10 years. She also does farming to improve her standard of living. Beth is requesting a loan for 30,000 KES, which she will use to buy cereals, sugar, and maize flour. Through Faulu Kenya,… More from Beth's previous loan »
About Faulu KenyaFaulu 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.
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Success!! The loan was 100% repaid