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Margaret
Margaret is a 26-year-old married lady with a one-year-old child. She operates New Fashion Designs shop and has been in this business for five years.

As a businesslady, Margaret decided to join Joy group in Faulu Kenya where she could save her money and easily access loans. Being a member of the group, she has requested a loan of 20,000 KES to buy a weighing machine, a sewing machine and also to obtain capital to start a business selling fresh fruit.

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
  • 961
    View loans »
    Kenya Loans Fundraising
  • $40,867,100
    Funds lent in using Kiva
  • 81.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Margaret to buy a weighing machine, a sewing machine and to start a new business selling fresh fruit.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 5, 2010
Listed
Jul 16, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2011