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

Update on Janet

Janet is 35 years old and married with two children. She runs a beauty salon to earn a living. She has been in the business for 11 years and describes her business environment as favorable because there is limited competition. To earn extra income, she runs a cafeteria. Since she joined Faulu Kenya, she has been able to grow her business and hopes to expand her business in the future. She has applied for 100,000 Kenya Shillings to buy a blow dryer, a hair dryer and hair chemicals.

Previous Loan Details

Janet is 35 years old and married with two children. She has been operating a salon for eleven years. She also depends on her husband, who is a farmer, for financial support. She was previously selling cereals to earn a living. She joined Faulu Kenya so that she could access financial res... More from Janet'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
  • 623
    View loans »
    Kenya Loans Fundraising
  • $39,970,625
    Funds lent in using Kiva
  • 83.0
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Janet to buy a blow dryer, a hair dryer and hair chemicals.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2012
Listed
Mar 21, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013