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Peter
Peter G. N. is a 39 year old, hardworking single man. He has been running his own bakery for three years. He bakes breads and cakes which he sells to the local residents. Peter has one employee. His business is located in Uthiru, in the western part of the capital city, Nairobi. Since he joined Faulu Kenya, Peter's business has really grown because he can access loans. He hopes to continue to grow his business and improve his living standards in the future. Peter has requested a loan of kes 60,000 from to buy an electronic oven, renovate his premises and to buy ingredients such as wheat flour, sugar and cooking oil.

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
  • 849
    View loans »
    Kenya Loans Fundraising
  • $42,925,925
    Funds lent in using Kiva
  • 77.4
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Peter to buy an electronic oven, renovate the business premises and to buy more ingredients for cooking.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 24, 2010
Listed
Apr 3, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2011