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Richard
Richard is a 34-year-old married man with two school-aged children. He is a humble, hardworking man who is employed and also has a business selling clothes. He has been running this business for nine years and uses part of his profits to pay his seven employees. He was previously earning his living by farming.

Richard appreciates Kiva partner, Faulu Kenya, for giving him a loan to help buy a property. He has now requested a new loan of 70,000 KES to buy clothes to add to his shop's stock. He dreams of owning ten other outlets 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
  • 850
    View loans »
    Kenya Loans Fundraising
  • $42,925,925
    Funds lent in using Kiva
  • 76.0
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Richard to buy additional clothes for his shop.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2010
Listed
Mar 12, 2010
Currency Exchange Loss:
Possible
Ended:
May 20, 2011