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Julius

Update on Julius

Julius is 31 years old and married with two children. He runs a grocery store to earn a living. He has been in the business for six years and has employed one person. He describes his business environment as competitive because many people do the same business.

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 60,000 Kenya Shillings loan to buy onions, potatoes, tomatoes and bananas to sell.

Previous Loan Details

Julius is 31 years old. He is married with two children in school. He runs a retail shop to earn a living, and has employed one person. He has operated the business for six years. He is also employed separately. He has benefited from Faulu Kenya because he has increased his business stock with hi... More from Julius'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
  • 965
    View loans »
    Kenya Loans Fundraising
  • $40,867,100
    Funds lent in using Kiva
  • 83.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Julius to buy onions, potatoes, tomatoes and bananas to sell.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2012
Listed
May 8, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 1, 2013
This photo was used before for a previous loan for Julius. It was first posted on Kiva on Jul, 2011. Learn More