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Richard
Richard is a married man with five children who are in school. He is employed in a security firm in Nairobi. Besides that, he runs a retail shop where he has employed one person. He was previously working as a plumber to earn a living. He has been running his retail shop for six months, thanks to Faulu Kenya for training him in business management.

Currently, Richard needs to add vegetables, sugar, maize flour and cooking fat to his inventory so as to meet his customers’ needs. Hence, he has requested a loan of 60,000 KES. He hopes to open a manufacturing industry and create employment.

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
  • 1049
    View loans »
    Kenya Loans Fundraising
  • $40,893,425
    Funds lent in using Kiva
  • 79.9
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Richard to add vegetables, sugar, maize flour and cooking fat to his business inventory.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 3, 2010
Listed
Aug 14, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2011