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Erick
Erick is a business man who does outdoor advertisements including branding vehicles and billboards. He has been in the business for the past four years. He works with five casual workers. With the income he gets from his business he is able to educate his three children. Since he became a member of Faulu Kenya, he has learnt how to keep business records and to save his money. He has been guaranteed a loan of 50,000 Kes with the group members. He will use the loan to buy a laptop and a welding machine.

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
  • 890
    View loans »
    Kenya Loans Fundraising
  • $41,162,700
    Funds lent in using Kiva
  • 81.3
    Kenya Shillings (KES) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $625 helped Erick to buy a laptop and a welding machine.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 14, 2010
Listed
Jan 12, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012