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Francis
Francis is 28 years old and operates a butcher shop, and he also sells plastic items. He employs two people. He worked as a driver before he started his current businesses which have been running for four years. He also earns extra income from farming. Since he joined Faulu Kenya, which is a partner of Kiva, he is able to meet his financial obligations.

He previously took out a loan of 20,000 KES, and he plans to take out a loan of 40,000 KES to buy meat, buckets and basins to add to his stock. He hopes to open another butcher shop in the future. He dreams of creating employment for ten more people. He describes himself as hardworking.

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
  • 931
    View loans »
    Kenya Loans Fundraising
  • $41,082,975
    Funds lent in using Kiva
  • 76.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Francis to add to his stock of meat, buckets and basins.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2010
Listed
Feb 20, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2011