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Peter
Peter M. N. is a 36-year-old businessman. He sells timber to earn a living. He has been in the business for six years. So far, he has employed three people in his business.

He also earns extra income from his rental houses.

Peter is a married man with two children in school. Hence, he works hard to educate them. Since he joined Faulu Kenya, he has managed to improve his family's standard of living. He hopes to open a timber processing factory in the future.

With the loan of 80,000 KES, he will buy timber.

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
  • 628
    View loans »
    Kenya Loans Fundraising
  • $39,149,000
    Funds lent in using Kiva
  • 83.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Peter to buy timber.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 28, 2011
Listed
Mar 31, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012