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Roselline

Update on Roselline

Roselline is 31 years old, married, and has three children. She used her previous loan to buy onions, tomatoes, cabbages and carrots. Her business did well and she repaid her loan. She also runs a grocery shop. She has been in business for the past seven years. Faulu Kenya has helped her become financially stable. Roselline hopes to expand her business in the future. She requires a loan of 74,013 KES to buy eggs, wheat flour, maize flour, sugar, rice, bananas, tomatoes, avocados and onions.

Previous Loan Details

Roselline is married and has three children. She runs a green grocery business to earn a living. She has been in the business for eight years and has managed to employ one person. She has grown her business since she joined Faulu Kenya because she has been trained in business management skills.... More from Roselline'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
  • 973
    View loans »
    Kenya Loans Fundraising
  • $41,033,900
    Funds lent in using Kiva
  • 86.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Roselline to buy eggs, wheat flour, maize flour, sugar, rice, bananas, onions, tomatoes and avocados.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 27, 2012
Listed
Jan 16, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 19, 2013
This photo was used before for a previous loan for Roselline. It was first posted on Kiva on Jun, 2012. Learn More