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Carolyne

Update on Carolyne

Carolyne is 33 years old, married, and has been blessed with two children. She is very hard-working and also relies on her husband's salary.

She used her previous loan to renovate her business premises, where she carries on business selling groundnuts. She has been in business for the past 16 years. Thanks to Faulu Kenya, she has provided a better lifestyle for her family.

Now, Carolyne requires a loan of 84,442 KES to pay school fees. She hopes to open a wholesale shop, someday.

Previous Loan Details

Carolyne is 32 years old, married and has two children. She sells groundnuts to earn a living. She has been engaged in the business for 11 years and has employed one person. She has grown her business since she joined Faulu Kenya because she has been trained in business management skills. Sh... More from Carolyne'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
  • 580
    View loans »
    Kenya Loans Fundraising
  • $39,222,100
    Funds lent in using Kiva
  • 86.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Carolyne to pay school fees.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 18, 2012
Listed
Jan 9, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014
This photo was used before for a previous loan for Carolyne. It was first posted on Kiva on May, 2012. Learn More