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Charles
Charles is a 22-year-old businessman who sells shoes. Besides that, he does mobile phone repairs as a part-time job for extra income. He works hard in his business so as to provide for his wife and his 7-year-old child. Since he joined Faulu Kenya, he has learned how to manage his finances by saving his money on weekly basis. He aspires to be a successful businessman in the future. He has requested a loan of 50,000 Kenyan shillings to add to his stock of shoes so that he may increase sales during the festive season when the demand is high.

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
  • 589
    View loans »
    Kenya Loans Fundraising
  • $39,222,100
    Funds lent in using Kiva
  • 80.5
    Kenya Shillings (KES) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $625 helped Charles to add stock of shoes.
99% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2010
Listed
Dec 11, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011