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Stephen
Stephen is a businessman who operates a (bodaboda) motorbike transportation business to earn a living. He has been in the business for four years. Previously, Stephen was employed. He works hard in his business to educate and provide for his seven-year-old child. Through Faulu Kenya, he has been trained in financial management, which has helped him to plan his finances. He hopes to grow his business ten times in five years. He has requested for 70,000 Kenyan shillings to buy a new motorbike.

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
  • 886
    View loans »
    Kenya Loans Fundraising
  • $43,068,825
    Funds lent in using Kiva
  • 88.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Stephen to buy a motorbike.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2011
Listed
Jun 20, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012