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Joseph
Joseph is 37 years old and operates a "boda boda" (motorcycle taxi) business. Through his previous KES 40,000 loan, he was able to buy a motorbike and expand stock for his retail shop, which is his other source of income. With this KES 80,000 loan, he plans to expand his business and open another shop. Joseph is widowed and has a 9-year-old daughter named Mary, who attends school. He describes himself as hardworking and focused.

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
  • 651
    View loans »
    Kenya Loans Fundraising
  • $39,170,550
    Funds lent in using Kiva
  • 75.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Joseph to expand his retail and taxi business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2009
Listed
Dec 14, 2009
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011