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Update on Miriam

Miriam operates a retail shop to earn a living. She had previously acquired a loan of 30,000 KES which helped her to buy maize flour and bread for her business. This helped her business to improve and with the additional income, she added stock to her shop. She has requested for another loan to expand her shop and buy additional maize flour and rice for her business.

Previous Loan Details

Miriam, 33 years old, runs a retail shop to earn a living. She has been in the business for 3 years and has employed three people. Since she joined Faulu Kenya, Miriam has been able to grow her business and hopes to own a wholesale shop in the future. She has applied for a loan of KES 30,000 to b... More from Miriam'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
  • 529
    View loans »
    Kenya Loans Fundraising
  • $49,761,875
    Funds lent in using Kiva
  • 84.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Miriam to buy maize flour and rice.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Aug 16, 2012
Sep 6, 2012
Currency Exchange Loss:
Nov 2, 2013
This photo was used before for a previous loan for Miriam. It was first posted on Kiva on Feb, 2012. Learn More