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Peter
Peter, 48, is married with four children, two of whom attend school. He has been running a timber workshop for thirteen years. He has three employees who assist him in the business. He also practices mixed farming for commercial purposes. Since he has been a member of Faulu Kenya, his business has expanded and his standard of living has improved. He plans to grow his farming and workshop business and to open outlets.

He has requested a loan of Kes 40,000 from Faulu Kenya to buy timber. He describes himself as ambitious.

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
  • 919
    View loans »
    Kenya Loans Fundraising
  • $41,691,075
    Funds lent in using Kiva
  • 76.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Peter to buy timber to make furniture and wood products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 4, 2010
Listed
Mar 17, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 16, 2011