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Joseph
Joseph, a 37-year-old married father of two children who go to school, practices dairy farming to earn a living, while his wife is a hair dresser. He was previously employed in a hotel before he ventured into business. Joseph joined Faulu Kenya in a group called Ikinu Rehema so that he could access working capital. He successfully serviced his first loan which he used to buy a dairy cow, a purchase that marked his entry into dairy farming five years ago. The hardworking Joseph is now requesting a loan of Kes. 40,000 to buy a dairy cow, and he hopes to construct a zero grazing unit with a capacity for carrying many cows 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
  • 916
    View loans »
    Kenya Loans Fundraising
  • $41,691,075
    Funds lent in using Kiva
  • 77.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Joseph to buy a dairy cow.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 5, 2010
Listed
May 12, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2011