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Stephen
Stephen is 42 years old and married with three children who go to school. He has been selling timber for twenty years to earn a living. He also practices farming for commercial purposes to get enough money to support his family and to pay school fees for his children. He appreciates Faulu Kenya for the training they offered him on business management, for he has become focused and his business has grown. He hopes to expand his business and increase his turnover in the future. He has requested for a loan from Faulu Kenya to buy more timber for selling.

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
  • 597
    View loans »
    Kenya Loans Fundraising
  • $40,262,550
    Funds lent in using Kiva
  • 77.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Stephen to buy more timber to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 23, 2010
Listed
Mar 24, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011