Felix Matulai


Status: Paying Back

$800.00   Loan Amount
14% repaid

About the Entrepreneur

Name: Felix Matulai
Location: Mukuru Nairobi, Kenya
Activity: Retail

About the Loan

Loan Amount: $800.00
Loan Use: Add stock
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Aug 21, 2009
Date Disbursed: Aug 25, 2009
Date Funded:Aug 24, 2009

About the Country

Country:Kenya
Avg Annual Income:$1,445.00
Currency:Kenya Shillings (KES)
Exchange Rate:76.0497 KES = 1 USD



Felix is 28 years old and owns a retail kiosk in Mukuru slums of Nairobi. Felix has been in this business for 5 years. He has requested his second loan of Ksh. 60,000 to increase his stock of flour, soda, rice and start selling cereals after successfully completing a first loan of Ksh. 30,000. He would like to own two supermarkets away from the slums one day. He desires to educate his children to the highest level and buy his family a home and real estate investment away from Mukuru slums. Felix describes himself as hardworking and industrious.


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.




Important Information About This Loan
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.

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Journal entries for Felix Matulai


Loan has been disbursed
 
Entrepreneur: Felix Matulai
Location: Mukuru Nairobi, Kenya

Thank you for your loan. It has been disbursed to Felix Matulai by Faulu Kenya in Kenya. We are excited to watch this business grow. Over the 12 months of this loan, Faulu Kenya will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Mukuru Nairobi, Kenya
Aug 25, 2009
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Kiva Help Repayment Schedule for Felix Matulai

  Expected Repayments Actual Repayments Comments
November 2009 $15.38 $50.00 Repayment Received
December 2009 $61.54 $66.67 Repayment Received
January 2010 $61.54 Available Jan 1  
February 2010 $76.93 Available Feb 1  
March 2010 $61.53 Available Mar 1  
April 2010 $61.54 Available Apr 1  
May 2010 $76.93 Available May 1  
June 2010 $61.53 Available Jun 1  
July 2010 $61.54 Available Jul 1  
August 2010 $76.93 Available Aug 1  
September 2010 $61.54 Available Sep 1  
October 2010 $76.92 Available Oct 1  
November 2010 $46.15 Available Nov 1