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Christopher

Update on Christopher

Christopher runs a motorcycle transport business to earn a living. He has previously taken a loan from Kiva partner Faulu Kenya, which helped him to buy beans, maize, and green peas for his cereal business. This helped his business to improve and he invested the additional income. He has started building rental houses and now hopes to complete them. He has requested a loan of 70,000 KES to complete his rental houses.

Previous Loan Details

Christopher is a hardworking and determined 26-year-old businessman who is single. For the past year, he has been in the motorcycle transport business to make a living. He wants, in the next 5 years, to have a fleet of motorcycles and a vehicle. His dream is to manage a chain of proprietary busin... More from Christopher'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
  • 829
    View loans »
    Kenya Loans Fundraising
  • $40,317,850
    Funds lent in using Kiva
  • 84.4
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Christopher to complete his rental houses.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 28, 2012
Listed
Sep 12, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 6, 2013
This photo was used before for a previous loan for Christopher. It was first posted on Kiva on Aug, 2011. Learn More