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Grace
Grace is a 26-year-old hardworking lady. She does tailoring and makes cardigans. She also grows vegetables for sale and operates a retail shop to earn a living. She belongs to a group in Faulu Kenya where she saves her money on a weekly basis. She has been guaranteed a loan of Kes.80,000 from Faulu Kenya by the group members. She will use the loan to buy knitting thread, a dairy cow and maize flour for her shop. Faulu has taught her how to manage business finances, which is why she is able to save her money on a weekly basis with the group. She hopes to expand her business and become financially stable 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
  • 618
    View loans »
    Kenya Loans Fundraising
  • $40,262,550
    Funds lent in using Kiva
  • 77.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Grace to buy knitting thread, a dairy cow and maize flour.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 24, 2010
Listed
Apr 22, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2011