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Richard
Richard is 37 years old, married, and has three school-age children: two daughters and a son. He runs a welding business and has been in business since 1997. He also earns some income from small-scale farming. He says that his business is competitive and busy. He successfully repaid a previous loan from Faulu for 20,000 Kenyan shillings and requested this loan for 40,000 Kenyan shillings to purchase gauges, pipes, and rods for welding.


He describes himself as obedient, hardworking, and patient with customers and says that since he became a member of Faulu he has opened a savings account. In the future, he hopes to open a big garage and employ staff.

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
  • 923
    View loans »
    Kenya Loans Fundraising
  • $41,140,500
    Funds lent in using Kiva
  • 74.4
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Richard purchase gauges, pipes & welding rods.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2009
Listed
Nov 27, 2009
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010