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Update on George

George used his previous loan of 40,000 Kenya shillings to buy feed for pigs. The pigs matured and he sold them hence making good profits. He used the additional income from his business to expand the pigsty. He has requested another loan of 80,000 Kenya shillings to buy pigs and feed.

Previous Loan Details

George is 47 years old, married and has three children aged 21, 20, and 14 who are in school. He has been rearing pigs for two years. He was previously selling cosmetics to earn a living. Through Faulu Kenya, he has learnt how to manage his business. This has helped him to retain his business... More from George'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
  • 812
    View loans »
    Kenya Loans Fundraising
  • $43,889,150
    Funds lent in using Kiva
  • 85.0
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped George to buy feed and pigs.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
May 10, 2012
May 23, 2012
Currency Exchange Loss:
Jul 4, 2013
This photo was used before for a previous loan for George. It was first posted on Kiva on Aug, 2011. Learn More