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Peter
Peter is a 24-year-old father of one child. He owns a food kiosk serving beef, beans, chapati, ugali, and other traditional Kenyan food. Previously, Peter ran a general produce stand for two years. He has requested a loan of 40,000 KES in order to add stock and boost his income. This is Peter’s second loan; his first loan of 20,000 KES allowed him to open the food kiosk, as well as a stall to sell CDs. In the future, Peter hopes to diversify his business, purchasing transport vehicles and rental homes. He also hopes to educate his children in a good school, and live a comfortable life.

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
  • 719
    View loans »
    Kenya Loans Fundraising
  • $42,214,325
    Funds lent in using Kiva
  • 76.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Peter purchase more stock for his food kiosk.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 30, 2009
Listed
Jul 29, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010