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Erastus
Erastus is a determined 38-year-old businessman. He is married and blessed with two children. For the last four years, he has been selling second hand clothes to cater to his family needs. He supplements the income from this venture with the earnings he gets from farming. He wants in the next five years to have expanded his business and started a poultry business. He is requesting a loan of 80,000 Kenyan shillings to buy second hand clothes. Thanks to Faulu Kenya, he has been able to establish his 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
  • 725
    View loans »
    Kenya Loans Fundraising
  • $42,304,775
    Funds lent in using Kiva
  • 91.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Erastus to buy second hand clothes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 20, 2011
Listed
Aug 7, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012