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Lucy
Lucy is 45 years old and married with four children who go to school. She has been running a bakery in Nairobi for five years to earn a living. She bakes her cakes and distributes them locally to retail shops. She was previously selling animal feeds before she ventured into this business.

She is a member of the Five Star group in Faulu Kenya, which consists of entrepreneurs who are willing and determined to improve their lives. The members of the group meet on a weekly basis to save their money and co-guarantee each other to borrow loans.

She has requested a loan of 81,700 Kenyan shillings from Faulu Kenya to buy a solar panel. She hopes to grow her business and improve her living standards 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
  • 961
    View loans »
    Kenya Loans Fundraising
  • $41,127,600
    Funds lent in using Kiva
  • 77.3
    Kenya Shillings (KES) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,075 helped Lucy to buy a solar panel.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2010
Listed
Apr 9, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011