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Mary
Mary is blessed with a three-year-old child. She operates a salon to earn a living. As a single mother, she works hard in her business in order to earn enough income to raise her child. She opened her salon six years ago, and has managed to expand her business in Faulu, Kenya. This was possible because of a previous loan of 20,000 KES taken out by her. Mary now wants to buy beauty products, hair braids and hair oil. Hence she is requesting a loan of 40,000 KES. She hopes to expand her business further and open a hair dressing college 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
  • 925
    View loans »
    Kenya Loans Fundraising
  • $41,750,050
    Funds lent in using Kiva
  • 81.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Mary to buy beauty products, hair braids and hair oil.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2010
Listed
Jul 22, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2011