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Grace
Grace is 26 years old and a mother of one. She has been operating a salon for two years. She was previously employed. Grace went into business because her income was not enough to raise her child, who is 3 years old. She has managed to grow her business and has employed one person.

She was introduced to a group in Faulu Kenya, where she saves her money on weekly basis. In this group, she can be guaranteed a loan from Faulu Kenya, a Kiva partner. She has requested a loan of 40,000 Kenyan shillings to buy hair chemicals and a hair dryer.

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
  • 635
    View loans »
    Kenya Loans Fundraising
  • $39,776,825
    Funds lent in using Kiva
  • 81.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Grace to buy hair chemicals and a hair dryer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2010
Listed
Jul 5, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011