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Charles
Charles, 32, is a hardworking and creative business man. He is married and blessed with three school-going children aged two and a half, seven and 14. For the past four years, he has been engaged in the transport business with a taxi to make ends meet. He supplements his income with earnings he makes from childcare, a general shop and vending water. Previously, he used to sell electronics and milk. In the next five years, he wants to have a big retail shop serving the region where he is based and to enlarge his childcare capacity.

Charles is requesting a loan of 40,000 Kenyan shillings to buy sugar, maize flour, soap, heaters, coils, bulbs, potatoes, kale and tomatoes. Thanks to Faulu Kenya, he has developed a culture of saving and has become a good time manager.

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
  • 966
    View loans »
    Kenya Loans Fundraising
  • $41,784,725
    Funds lent in using Kiva
  • 89.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Charles to buy sugar, maize flour, soap, heaters, coils, bulbs, potatoes, kale and tomatoes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 20, 2011
Listed
Aug 2, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 16, 2012