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Mary

Update on Mary

Mary is 35 years old and married with three children. For the past six years, she has been a dairy farmer and she also raises chickens. She relies on her husband's income and she also owns some rental houses. Mary used her previous loan to buy a dairy cow. Her business did well and she successfully repaid her loan. Mary is very hardworking and Faulu Kenya has helped her to increase her profits.

Mary is requesting a 63,585 KES loan to buy chicks to raise. In the future, she hopes to buy a van and become the main supplier of eggs in her area.

Previous Loan Details

Mary practices both poultry and dairy farming to earn a living. Besides this, she also sells clothes. She used her previous loan of 20,000 KES to buy more chicks. The chicks matured and she sold them, making more profits. She has requested for another loan of 40,000 KES to buy a dairy cow. More from Mary'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
  • 594
    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 $750 helped Mary to buy chicks.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2012
Listed
Jan 10, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014
This photo was used before for a previous loan for Mary. It was first posted on Kiva on Aug, 2012. Learn More