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Update on Margaret

Margaret is now 56 years old and has five children. She used her previous loan to buy beads and reeds for making baskets. Her business did very well and she repaid her loan. She has been in business for the last nine years.

She hopes to buy a piece of land, build her own house and open other outlets for selling curios. She requires a loan of 63,585 KES to buy beads and curios.

Previous Loan Details

Margaret is 55 years-old and she is talented in handwork. She makes necklaces, bangles, earrings and woven baskets to earn a living. She has been in the business for seven years. She was previously employed in a hotel as a house-keeper. Being a widowed lady with six children, she works har... More from Margaret'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
  • 585
    View loans »
    Kenya Loans Fundraising
  • $44,764,625
    Funds lent in using Kiva
  • 85.9
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Margaret to buy beads and curios.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 17, 2012
Dec 20, 2012
Currency Exchange Loss:
Jul 17, 2014
This photo was used before for a previous loan for Margaret. It was first posted on Kiva on Mar, 2011. Learn More