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

Update on Emily

Emily used the last loan to buy hair chemicals and hair braids. Since she received the loan, she has experienced a lot of growth in her business. She has also managed to employ two people in her business.

She hopes to open another outlet of her business and has requested another loan of 30,000 Kenya shillings to buy hair treatment and hair braids.

Previous Loan Details

Emily is a hardworking business woman aged 25. She is married and blessed with two children. For the last two years, she has been managing a salon to earn a living. In the next 5 years, she wants to expand her business. She is requesting a loan of 10,000 Kenyan shillings to buy hair chemicals… More from Emily'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
  • 626
    View loans »
    Kenya Loans Fundraising
  • $39,149,000
    Funds lent in using Kiva
  • 85.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Emily to buy hair chemicals and braids.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2012
Listed
May 29, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 4, 2013
This photo was used before for a previous loan for Emily. It was first posted on Kiva on Oct, 2011. Learn More