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Lucy
Lucy is 38 years old and married, with two children who go to school. She earns her living by wholesale clothing sales, and her husband is employed in a hotel. She belongs to a group named Negeu where she saves part of her income and also gets business ideas. She hopes to grow her business and improve her standard of living in the future. She has requested a loan of KES 20,000 from Faulu Kenya to buy more clothes for sale. This will be her first loan from Faulu Kenya and she is certain that it will make a difference in her business financially.

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
  • 881
    View loans »
    Kenya Loans Fundraising
  • $43,068,825
    Funds lent in using Kiva
  • 77.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Lucy to add to her stock of clothes for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 30, 2010
Listed
Apr 8, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2011