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Hazron

Update on Hazron

Hazron, age 28, sells sweaters, blouses, and skirts to earn a living. He has been in the business for nine years and has employed one person. He sells fruits and vegetables to earn extra income.

Since he joined Faulu Kenya, Hazron has been able to grow his business and hopes to be financially stable in the future. He and his wife have one child.

He has applied for a loan in the amount of 60,000 Kenya Shillings to buy sweaters, blouses, and skirts to offer for sale.

Previous Loan Details

Hazron is a 28-year-old married man. He is blessed with a two-year-old child. For a living, he sells wood products and runs a boutique. He has been in the business for nine years. In addition, he sells fruits and vegetables for extra income. He gives gratitude to Faulu Kenya for helping him ... More from Hazron'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
  • 931
    View loans »
    Kenya Loans Fundraising
  • $41,080,625
    Funds lent in using Kiva
  • 82.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Hazron to buy sweaters, blouses, and skirts to offer for sale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2012
Listed
Mar 4, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013