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James
James is a 35-year-old father of three. He has a retail shop where he sells maize flour, rice, soap, sugar and cooking fat and has been in this business for three years. He also does construction on a contract basis to earn more income to support his family since he is the breadwinner. He uses part of his income to pay fees for his children.

James is a new member of Faulu Kenya in a group called Destiny which was introduced to him by his friends. He joined the group so as to access loans easily from Faulu Kenya. He has requested a loan of Kes 50,000 to add to his stock of rice, maize flour, soap and cooking fat. He hopes to expand his shop into a wholesale business 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
  • 844
    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 $650 helped James to buy more rice, maize flour, soap and cooking fat.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2010
Listed
Apr 22, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2010