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Michael
Michael, a 39-year-old married father of two children in school, has been selling clothes for the past 10 years to earn a living. He has two employees. Michael also sells music discs and tapes to earn extra income and hopes to expand his business to become financially stable in the future. With the loan of 50,000 kes, he will buy a loudspeaker, amplifier and generator.

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
  • 737
    View loans »
    Kenya Loans Fundraising
  • $42,304,775
    Funds lent in using Kiva
  • 83.2
    Kenya Shillings (KES) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $625 helped Michael to buy a loudspeaker, amplifier and a generator.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2011
Listed
Apr 4, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 19, 2012