Update on NicholusNicholas is 42 years old, married, and has three children. He used his previous loan to buy spare parts. He successfully repaid his loan. He works as a mechanic and has been a mechanic for the past twenty-two years. He also practices farming to earn a living. He is very hard-working and friendly.
He dreams of educating his children up to university level and also owning a garage. He requires a loan of 53,156 KES to buy a tool box, an overall uniform, and a dairy cow.
Previous Loan DetailsNicholus is 40 years old, married with three children. For 18 years, he has been repairing vehicles. He also does dairy farming to supplement his family’s income. He hopes to own a garage in the future. He belongs to the Mwangaza group in Faulu Kenya and he has become more visionary since he join... More from Nicholus's previous loan »
About Faulu KenyaFaulu 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.
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Success!! The loan was 100% repaid