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Monica
Monica is a 30-year-old mother of one who sells fabrics and shoes and owns rental houses in Nairobi. Monica has been in these businesses for the past three years. Previously, she sold secondhand clothes.

Monica is requesting her first loan of Ksh 50,000 in order to increase her stock of shoes and fabrics. She hopes to one day own a wholesale shop. In the future, Monica would like to educate her son and build a good home.


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.

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
  • 708
    View loans »
    Kenya Loans Fundraising
  • $42,190,575
    Funds lent in using Kiva
  • 76.2
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Monica to increase her stock of shoes and fabrics.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 11, 2009
Listed
Aug 20, 2009
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010