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Hannah

Update on Hannah

Hannah is 44 years old, married and has five children.

She used her previous loan to buy jugs, mugs, cups, and plates. Her business did well, and she managed to repay her loan. She is very hard-working, and has been in business for three years. She also earns an income by selling paraffin.

Thanks to Faulu Kenya, she has learned how to save her money.

She hopes to be a successful business lady. She has requested a loan of 20,857.50 KES to increase her stock of jugs, mugs, cups, and plates.

Previous Loan Details

Hannah is 43 years old and married with five children. She runs a retail shop where she mainly sells household goods. She has been in the business since 2008. She was previously farming before she started the business. She has improved her business since she joined Faulu Kenya because she has be... More from Hannah'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
  • 944
    View loans »
    Kenya Loans Fundraising
  • $41,679,400
    Funds lent in using Kiva
  • 86.0
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Hannah to increase her stock of jugs, mugs, cups, and plates to resell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2012
Listed
Jan 4, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 2, 2013
This photo was used before for a previous loan for Hannah. It was first posted on Kiva on Apr, 2012. Learn More