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Alex
Alex is a 21-year-old single man. To earn a living, he runs a salon and a cosmetics shop. Besides that, he also does carpentry for more income generation. He has managed to grow his business through Faulu Kenya because he has been trained in business management skills.

Alex dreams of owning rental houses in the future. He has requested 20,000 Kenyan shillings to buy chairs for the salon and a shaving machine.

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
  • 1068
    View loans »
    Kenya Loans Fundraising
  • $40,408,475
    Funds lent in using Kiva
  • 88.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Alex to buy chairs for the salon and a shaving machine.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 22, 2011
Listed
Jul 7, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012