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Julius
Julius Njeru I. is a 34-year-old father of two school-going children aged 9 and 8 years. He is asking for a first loan of Ksh. 20,000 to expand his shoe vending and repair business in the Mukuru Slum in Nairobi, Kenya. Having faced challenges of insufficient capital and lack of education, Julius is determined to expand his small business. He sells shoes and shoe laces and repairs shoes. With this loan, Julius plans to buy additional stock for his business and expand it.

In the future, Julius hopes to own a shoe manufacturing company, employ people, buy and develop rental houses, manage his own businesses and give his children education to the highest level and the best care one can give. Julius describes himself as hardworking, diligent and social.

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.

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.

About Kenya

  • $1,800
    Average annual income
  • 971
    View loans »
    Kenya Loans Fundraising
  • $41,799,600
    Funds lent in using Kiva
  • 77.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Julius buy additional stock.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 5, 2009
Listed
Jul 18, 2009
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010