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Fredick
Fredrick is 37 years old, with one child who goes to school. He has been running a tailoring shop for five years to earn a living. He also runs a salon to earn enough money to pay for his family’s expenses and to educate his child. He hopes to buy more sewing machines to expand his business. He has requested for a loan of KES 20,000 to buy an overlock machine, fabric, threads, linings and pins.

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
  • 709
    View loans »
    Kenya Loans Fundraising
  • $42,190,575
    Funds lent in using Kiva
  • 77.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Fredick to buy overlock machine, fabric, threads, cloth linings and pins.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2010
Listed
Mar 25, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 16, 2011