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Boniface
Boniface, a 47-year-old father of five, has been making furniture cushions for 14 years and also farms for extra income. Boniface is a hardworking man who strives to meet his family’s needs, including educating his five children. A member of Faulu Kenya, he has benefited by accessing loans to expand his business. Boniface now plans to buy a pickup truck for transporting his products to his clients and is therefore requesting a loan of Kes. 40,000 from Faulu Kenya to top up his savings. He hopes to open up his own furniture company in the future and also dreams of buying a lorry for supplying his products in five years.

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
  • 599
    View loans »
    Kenya Loans Fundraising
  • $40,262,550
    Funds lent in using Kiva
  • 77.4
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Boniface to top up his savings to buy a pickup truck.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 24, 2010
Listed
Apr 2, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2011