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Elizabeth

Update on Elizabeth

Elizabeth is 34 years old and married with two children. She does gardening and landscaping to earn a living. She has been in the business for 3 years and has employed 28 people. Since she joined Faulu Kenya, she has been able to improve her business and hopes to expand it in the future. She has applied for 100,000 Kenya Shillings (KES) to buy gardening tools and a lawnmower.

Previous Loan Details

Elizabeth is 34 years old and married. She is blessed with two children, aged 11and 7. For a living, she does gardening and landscaping. She has been running the business for three years and she has employed 28 people. She was previously selling clinic equipment for a living. She hopes to s... More from Elizabeth'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
  • 602
    View loans »
    Kenya Loans Fundraising
  • $40,262,550
    Funds lent in using Kiva
  • 82.5
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Elizabeth to buy gardening tools and a lawnmower.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2012
Listed
Apr 3, 2012
Currency Exchange Loss:
Possible
Ended:
May 30, 2013
This photo was used before for a previous loan for Elizabeth. It was first posted on Kiva on Dec, 2010. Learn More