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

Update on Wanjiku

Wanjiku is a hardworking business lady. She sells charcoal, does farming and runs a small grocery business. She previously took a loan of 20, 000 KES, which she used to buy charcoal for resale. She made good sales and more profits. She has requested another loan of 40,000 KES to add stock of cereals, vegetables and fruits to her grocery store

Previous Loan Details

Wanjiku is 53 years old, married and has six children. She sells charcoal to earn a living. She has been in the business since 2000. In addition, she does farming to supplement her income. Through Faulu Kenya, she has been trained on financial management. This has helped her in saving her mon... More from Wanjiku'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
  • 807
    View loans »
    Kenya Loans Fundraising
  • $42,362,775
    Funds lent in using Kiva
  • 84.0
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Wanjiku to add to her stock of cereals, vegetables and fruits in her grocery store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 2, 2012
Listed
Aug 10, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 4, 2013