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Update on Andrew

Andrew used his previous loan from Faulu Kenya to buy electronic items for his video show business. This loan had a great impact on his business because he managed to attract more customers. He used the additional income from his business to add stock to the cosmetics he also sells.

Andrew hopes to grow his business in the future. He has requested another loan of 100,000 KES to buy movies and a computer for use in his business.

Previous Loan Details

Andrew is a 28 year old married man. He is blessed with two children ages 8 and 6. He runs a cosmetics shop and a barber shop. He has managed to employ one person in the business. In addition, he runs a video show (small theatre showing DVDs or television programs). He says that through Fa... More from Andrew'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
  • 456
    View loans »
    Kenya Loans Fundraising
  • $50,344,275
    Funds lent in using Kiva
  • 84.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Andrew to buy movies and a computer for use in his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 2, 2012
Jun 11, 2012
Currency Exchange Loss:
Oct 10, 2013
This photo was used before for a previous loan for Andrew. It was first posted on Kiva on Nov, 2010. Learn More