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Fredrick
Fredrick is a 21-year-old single man who supplies timber and firewood to earn a living. He explains that he has been in this business for three years, and that he is a hardworking man who is determined to succeed in his business.



He appreciates Faulu Kenya for helping him to expand his business. He is now requesting a loan in the amount of 40,000 KES ($525) to buy more timber for resale purposes. He hopes to expand his business and to eventually become the main supplier of timber in his area.

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
  • 681
    View loans »
    Kenya Loans Fundraising
  • $42,247,450
    Funds lent in using Kiva
  • 76.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Fredrick to expand his business by purchasing additional timber.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 10, 2010
Listed
Mar 20, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2010