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John
John is a 36-year-old married man with three children. He is a hardworking man who sells DVDs and CDs as well as videocassettes. He has been in this business for fifteen years. For more profit, he also sells spare parts and provides transport services. He has been able to improve his business through Faulu Kenya. This is because he was previously hawking radio cassettes and videotapes. He has requested for a loan of KES 80,000 to add stock of tyres, windscreens, suspension and paint. He hopes to get a better market for his products and to open a music shop. He sees himself buying a plot and building a family house in the future.

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
  • 633
    View loans »
    Kenya Loans Fundraising
  • $39,776,825
    Funds lent in using Kiva
  • 76.5
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped John add inventory for his shop.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 10, 2010
Listed
Mar 11, 2010
Currency Exchange Loss:
Possible
Ended:
May 20, 2011