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Millycent
Millycent is 38 years old and married with four children. She has been running a cosmetics shop in Nairobi for six years to earn a living. She was previously employed in a soap manufacturing company before she started the business. She saves her money with her group in Faulu Kenya called Millenium which guarantees loans to its members. Millycent hopes to expand her business and improve her living standards in the future. She thinks that advertising will increase the number of her customers and therefore she has requested a loan of 50,000 KES from Faulu Kenya to pay advertising costs and also to add to her stock of cosmetics.

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
  • 706
    View loans »
    Kenya Loans Fundraising
  • $42,250,025
    Funds lent in using Kiva
  • 76.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Millycent to add to her stock of cosmetics and pay advertisement expenses.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 7, 2010
Listed
Apr 20, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2010