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Eddah

Update on Eddah

Eddah is a 46-year-old businesswoman who owns a grocery store. She used her previous loan to buy chickens, and she was successful in repaying her loan as her business did well. She also earns an income by rearing goats and keeping poultry.

Eddah has learned how to keep records and save her money since she joined Faulu Kenya. Someday she hopes to own a supermarket. She needs a loan of 105,300 KES to buy sugar, rice, maize flour and wheat flour.

Previous Loan Details

Eddah is married and blessed with three children. She describes herself as a hardworking business woman. She has been practicing poultry farming to support her family. She also runs a grocery business to supplement her income. In the next 5 years, she wants to expand her business. Eddah is… More from Eddah'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
  • 403
    View loans »
    Kenya Loans Fundraising
  • $38,161,800
    Funds lent in using Kiva
  • 85.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Eddah to buy inventory such as sugar, rice, maize flour and wheat flour for her grocery store.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2012
Listed
Nov 23, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 6, 2013