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Abel
Abel is a married man who has one child. He is a businessman who operates a wholesale shop where he sells mobile phone airtime cards. He was previously selling vehicle tyres and oil. He has four years experience in his business. He joined Matel group in Faulu Kenya after being introduced by a friend. He was previously guaranteed a loan of 15,000 Kenyan shillings (KES) to boost his business. He has requested a loan of 50,000 KES to buy mobile phone airtime cards. He hopes to improve his living standards in the future. For this reason, he works hard in his business. He sees himself owning several shops in ten years. He describes himself as confident and determined.

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
  • 944
    View loans »
    Kenya Loans Fundraising
  • $41,091,050
    Funds lent in using Kiva
  • 77.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Abel to buy mobile airtime cards.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2010
Listed
May 12, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011