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Barrack
Barrack is a hardworking businessman aged 27. He is married and blessed with one child who is still in school. He has been running a tailoring business for the last five years to support his family. Previously, he was employed elsewhere. Barrack has been able to retain his business because of his good reputation with his customers. He has employed two people to assist him with managing the business. With the 50,000 Kenya shillings, he wants to buy fabric. In the next 5 years, he wants to expand his business. Barrack dreams of buying a piece of land in the future. Thanks to Faulu Kenya, he has been able to adopt the culture of saving.

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
  • 601
    View loans »
    Kenya Loans Fundraising
  • $39,225,400
    Funds lent in using Kiva
  • 99.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Barrack to buy fabric.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 6, 2011
Listed
Nov 3, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 16, 2012