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Elizabeth

Update on Elizabeth

Elizabeth is 50 years old. She used her previous loan to add shelves to her business premises and to buy fabric for her tailoring business. Elizabeth did well and was able to repay her loan. Faulu Kenya supported her financially and she has been able to educate her children and expand her business with her loans.

Elizabeth is requesting a 106,600 KES loan to buy more materials and repair her sewing machine. She hopes to expand her business and open up another one to increase her profits.

Previous Loan Details

Elizabeth is 49 years old and has three children. To earn a living she does tailoring. She has 19 years of experience in the business and has employed one person. She also works as a housekeeper when her business is in low season. Through Faulu Kenya, she has learnt better ways of running her… More from Elizabeth'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
  • 416
    View loans »
    Kenya Loans Fundraising
  • $38,138,825
    Funds lent in using Kiva
  • 85.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Elizabeth to buy more materials and repair her sewing machine.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 23, 2012
Listed
Nov 12, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014