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Update on Anne

Anne is a hardworking 27-year-old woman. She used her previous loan to buy clothes to sell. She is married and has two children. She sells clothes to earn a living and has been in business for three years. She also relies on her husband's salary.
Someday she hopes to open a boutique. She needs a loan of 37,513 KES to buy additional bales of clothes.

Previous Loan Details

Anne is 26 years old and married with two children. She sells clothes in a competitive environment to earn a living. She has engaged herself in this business for one year and has employed one person. Anne also depends on her husband's salary for the upkeep of her family. She dreams of owning rent... More from Anne'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
  • 710
    View loans »
    Kenya Loans Fundraising
  • $44,862,475
    Funds lent in using Kiva
  • 86.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Anne to buy bales of clothes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 27, 2012
Jan 16, 2013
Currency Exchange Loss:
Jul 17, 2014
This photo was used before for a previous loan for Anne. It was first posted on Kiva on Aug, 2012. Learn More