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Linet
Linet is a 39-year-old married woman who runs a shop called "Mama Elena" on Jogoo Road in the Mukuru Kwa Njenga slums. In her shop, she sells sugar, soap, rice, maize flour, cereals, and cosmetics. She was formerly operating a salon. She has been earning income from her shop for the past eight years. Linet, who is the mother of four school-going children, strives to provide for the basic needs for her family and to educate her children. She also uses part of her profits, both from her shop and her van, which she uses for commercial transport, to pay her employee and save some money in a borrowing group under Faulu Kenya. She dreams of expanding her shop into a supermarket in the future. For this reason, she plans to add stock so that she can expand the business. She has requested a loan of KES 70,000 from Faulu Kenya to buy sugar, soap, rice, maize flour, cereals, and cosmetics.

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
  • 924
    View loans »
    Kenya Loans Fundraising
  • $41,753,600
    Funds lent in using Kiva
  • 79.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Linet to buy sugar, soap, rice, maize flour, cereals, and cosmetics.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 19, 2010
Listed
May 26, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011