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Peter
Peter is a 38-year-old married man who has four children in school. He earns a living by renting out his houses and selling water. Besides these businesses, he is employed and also earns extra income from farming. He has been a member of Faulu Kenya and had previously taken out a loan of KES 20,000, which he used to start his water distribution business. He hopes to open up many other water points in his residential area. He has requested for a loan of KES 50,000 to install water for sale in his rental houses. He sees himself having his own borehole to enable him to distribute water more efficiently 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
  • 765
    View loans »
    Kenya Loans Fundraising
  • $42,304,775
    Funds lent in using Kiva
  • 77.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Peter to install water for sale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 24, 2010
Listed
Mar 25, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2011