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Oira

Update on Oira

Oira used his previous loan of 80,000 Kenya shillings to buy bread for wholesale distribution, resulting in increased business profits and improvement to his farming business. Oira, who hopes to grow his clientele in the future, is requesting a loan of 100,000 Kenya shillings to buy more loaves of bread.

Previous Loan Details

Here we see Oira C. E.. He is 32 years old, single and makes a living by distributing bread to retail shops and hotels. He has been in the business for ten years and now has two employees. In addition to his bread business, he also works as a farmer. He has made good use of his membership in Faul... More from Oira'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
  • 689
    View loans »
    Kenya Loans Fundraising
  • $42,250,025
    Funds lent in using Kiva
  • 83.0
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Oira to buy loaves of bread for wholesale distribution.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2012
Listed
May 9, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 22, 2012