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Michael
Michael is a 42-year-old married man, and has four school-going children. He operates a carpentry business in Nairobi, Kenya. He has been operating this business for four years, and he says that the business environment is favorable. He has three employees, and he sells his wares to his neighbors. He is a member of the Sunshine self-help group, whose members have guaranteed him a loan of Kes. 40,000 from Faulu Kenya. He plans to add stock of timber for furniture manufacturing with the loan money. He describes himself as being hardworking and faithful.

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
  • 755
    View loans »
    Kenya Loans Fundraising
  • $40,271,975
    Funds lent in using Kiva
  • 77.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Michael to add stock of timber.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 7, 2010
Listed
Apr 24, 2010
Currency Exchange Loss:
Possible
Ended:
May 20, 2011