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Irene
Irene is 23 years old and married with two children. She runs a retail shop where she sells general merchandise such as sugar, cooking fat, salt, rice, vegetables and cereals. Her business is located in south B, an estate in the southern part of the capital city, Nairobi. She has been involved in this business for two years and she has three employees. She also rents out her residential houses to increase her earnings. She had previously taken out a loan of Kes 50,000, which she used to expand her business and successfully repaid. She hopes to grow her business into a wholesale one and improve her living standards in the future. She has requested a loan of Kes 75,000 from Faulu Kenya to buy a weighing machine (scale) and cereals.

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
  • 921
    View loans »
    Kenya Loans Fundraising
  • $41,691,075
    Funds lent in using Kiva
  • 77.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Irene to buy a weighing machine and cereals.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 17, 2010
Listed
Mar 24, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2011