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Peter
Peter is a 38 year old businessman. He is married and has two children, aged 3 and 7. He sells vehicle spare parts to better his family’s living standard. He also works as a mechanic to get more income. He has been running his business for five years and has employed one person. He was introduced to Faulu Kenya by his friend. Through Faulu Kenya, he has learned how to save his money. He is also able to get loans easily from Faulu Kenya.
He hopes to replenish his business stock so as to increase his income, grow the business and employ more people. He has requested 70, 000kes to buy more spare parts.

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
  • 827
    View loans »
    Kenya Loans Fundraising
  • $42,938,250
    Funds lent in using Kiva
  • 82.9
    Kenya Shillings (KES) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $850 helped Peter to buy more spare parts.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 2, 2011
Listed
Mar 4, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012