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Wallace
Wallace is 32 years old and married and with two children. He is a mechanic by profession and also operates a vehicle spare-parts shop. He has been in this business for five years. He uses his income to support the family and to educate his one child who is in school.

Wallace joined Faulu Kenya in a group with the aim of saving his money and accessing loans. He has requested a loan of 20,000 Kenyan shillings to buy oil lubricants for sale. 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
  • 445
    View loans »
    Kenya Loans Fundraising
  • $38,313,825
    Funds lent in using Kiva
  • 79.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Wallace to buy oil lubricants.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2010
Listed
May 26, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010