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Susan
Susan, age 35, sells paint in her shop to earn a living. As the single mother of a 10-year-old, she saw the need to open another business so as to generate more income to afford the education of her child. This is why she started her mobile-phone money transfer business.

Susan has benefited from the financial education conducted by Faulu Kenya because she has improved her business. She hopes to open an art school for the teaching of painting in the future.

Susan has requested a loan in the amount of 80,000 Kenyan shillings to open another mobile-phone money transfer business.

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
  • 895
    View loans »
    Kenya Loans Fundraising
  • $42,902,475
    Funds lent in using Kiva
  • 88.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Susan to open another mobile-phone money transfer business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2011
Listed
Jun 18, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012