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Charles
Charles is a 42-year-old father of three who supplies cakes on his bicycle in Buruburu, Nairobi. He has been running this business for the last 17 years. He has requested a second loan of Ksh. 50,000 after successful repayment of his first loan of Ksh. 20,000, in order to add to his stock of cakes. He hopes to own a real estate business one day and educate his children. He describes himself as jovial and industrious.



Faulu Kenya aims to empower Kenyans by providing relevant financial solutions. Faulu is a sustainable and profitable micro-finance 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
  • 922
    View loans »
    Kenya Loans Fundraising
  • $41,691,075
    Funds lent in using Kiva
  • 76.2
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Charles add to his stock of cakes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2009
Listed
Aug 20, 2009
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2010