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Jared
Jared is 33 years old and married with two children who are in school. He runs a retail shop where he sells household goods, cereals and plastics. He has been in this business for five years and has two employees. He also runs a taxi business to earn extra income. He was previously employed as a security guard in a mercury trading company before he started this business. He saves part of his profit with his savings group called Mapema.

He has requested a loan of kes 40,000 from Faulu Kenya to buy rice, sugar and cooking fat for his inventory. He hopes to buy a plot and build his family a house 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
  • 832
    View loans »
    Kenya Loans Fundraising
  • $42,925,925
    Funds lent in using Kiva
  • 77.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Jared to add to his stock of rice, sugar and cooking fat.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2010
Listed
Apr 12, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2011