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Michael
Michael is 36 years old and is married, with two children. For ten years, he has been selling vehicle spare parts. He has employed two people to help him in his tasks. He also does poultry farming to boost his income. Since he joined Faulu Kenya, he has developed a culture of saving. He will be able to reinvest in his business. He hopes to own real estate in the future. He has requested 50,000 Kes to buy a gearbox and crank shafts.

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
  • 866
    View loans »
    Kenya Loans Fundraising
  • $43,028,475
    Funds lent in using Kiva
  • 82.9
    Kenya Shillings (KES) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $625 helped Michael to buy spare parts.
99% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 16, 2011
Listed
Mar 4, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011