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Wilson

Update on Wilson

Wilson is 33 years old and sells shoes. He used his previous loan to buy shoes for resale. His business did well, and he managed to repay his loan. He has been selling shoes for three years, and Faulu Kenya has helped him stabilize his business through its financial support. Wilson is requesting a loan of 84,442 KES to increase his stock of shoes. He hopes to expand the shoe business and to be financially stable in the future.

Previous Loan Details

In the photo is Wilson, 32, a father of two children, aged 5 and 7. He sells clothes and shoes to earn a living for his family. He has been in the business for five years and has employed one person. Wilson has managed to expand his business through the financial support from Faulu Kenya. ... More from Wilson'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
  • 680
    View loans »
    Kenya Loans Fundraising
  • $39,776,825
    Funds lent in using Kiva
  • 86.0
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Wilson to increase his stock of shoes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2012
Listed
Dec 15, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014
This photo was used before for a previous loan for Wilson. It was first posted on Kiva on Dec, 2011. Learn More