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Peter
Peter is 27 years old and married with two children. He runs a hardware shop in Nairobi to earn a living. He also sells kerosene to earn extra income. He previously worked in the informal sector before he ventured into this business.


Since he joined Faulu Kenya he saves his money with his group named Hallelluyah, which enables him to access loans. He has learned to keep business records from the training that Faulu Kenya offered him together with his group members.


He has requested a loan of 80000 KES from Faulu Kenya to add stock of paint and hardware items for sale. He dreams of growing his business into a paint industry 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
  • 408
    View loans »
    Kenya Loans Fundraising
  • $38,138,825
    Funds lent in using Kiva
  • 77.3
    Kenya Shillings (KES) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,050 helped Peter to purchase paint and other hardware items to sell.
99% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 7, 2010
Listed
Apr 9, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 16, 2012