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Felista

Update on Felista

Felista, who is 33 years old, is a business lady who owns a grocery store. She used her previous loan to buy groundnuts, charcoal, a cooking pot and an umbrella. Her business did well and she successfully repaid her loan.

She is married and has two children. She has been in business for three years. She also relies on her husband's salary. Since she joined Faulu Kenya her business has improved tremendously.

Some day she hopes to open a wholesale shop and be rich. She requests a loan of 63,585 KES to buy bananas, avocados, pawpaws and oranges.

Previous Loan Details

Felista is 31 years old, married, and a mother of two children. For four years, she has been selling groundnuts. She is a member of Mothers Success group in Faulu, Kenya and has learned how to manage her business through her group members. She hopes to buy a piece of land in the future and... More from Felista'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
  • 784
    View loans »
    Kenya Loans Fundraising
  • $42,346,475
    Funds lent in using Kiva
  • 86.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Felista to buy bananas, avocados, pawpaws and oranges.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2012
Listed
Jan 8, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 1, 2013