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Fatuma
Fatuma is 46 years old and married with five children. She runs a bakery where she bakes breads and other wheat products to earn a living. She has been in the business for five years and has two employees. She also practices farming to earn extra income.

Fatuma was previously employed as a casual laborer and her need for more money and to have a stable income drove her into this business. She saves her money with her group in Faulu Kenya called Kllooma Mwangaza which guarantees loans made to its members.

Fatuma has previously taken out two loans from Faulu Kenya which she used to expand her business and which she successfully repaid. She has requested a loan of Kes 70,000 from Faulu Kenya to buy a motorcycle to make distribution of her products easy. She hopes to grow her business and improve her living standard 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
  • 595
    View loans »
    Kenya Loans Fundraising
  • $39,169,875
    Funds lent in using Kiva
  • 76.7
    Kenya Shillings (KES) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $925 helped Fatuma to buy a motorcycle for delivery of her baked goods.
99% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 8, 2010
Listed
Apr 20, 2010
Currency Exchange Loss:
Possible
Ended:
May 23, 2012