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Rachel
Rachel is 40 years old and is married to an accountant. She is blessed with four children: Andrew 19, Clarence 15, Charles 10 and Maxwell 2.

Rachel has been operating a retail shop for seven months. In her business, she has employed one person.

Rachel is a member of Stima group in Faulu Kenya whose members guarantee each other’s loans. She has previously managed to take out a loan of 20,000 KES to add to her stock.

Rachel has requested a loan of 40,000 KES to add to her stock of sugar, wheat flour, soda and maize flour. She hopes to open a supermarket 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
  • 475
    View loans »
    Kenya Loans Fundraising
  • $38,222,800
    Funds lent in using Kiva
  • 79.9
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Rachel to add to her stock of sugar, wheat flour, soda and maize flour.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2010
Listed
Aug 4, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2011