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Joyce

Update on Joyce

Joyce is 26 years old and she used her previous loan to buy potatoes, cooking fat, tomato sauce, and salt. Her business did very well and she was able to repay her loan. Since she joined Faulu Kenya she has learned how to save her money and also manage her business properly. She also practices farming and is very hardworking. She will use 32,298 KES to buy potatoes, cabbage, and tomatoes for her food stall.

Previous Loan Details

Joyce is 25 years old. She describes herself as a hardworking lady. She is married and blessed with three children who are school-going. For the last year, she has been operating a food stall so as to make a living. Previously, she used to sell porridge. In the next 5 years, she wants to be o... More from Joyce'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
  • 1022
    View loans »
    Kenya Loans Fundraising
  • $43,117,850
    Funds lent in using Kiva
  • 85.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Joyce to buy potatoes, cabbage, and tomatoes for her food stall.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2012
Listed
Nov 12, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 3, 2013