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Michael
Michael is 24 years old and single. He runs a retail shop selling electrical goods. He has been operating this business for four years. He employs two people to assist him in the business.

Michael is requesting a loan for 60,000 Kenya shillings, which he will use to renovate his business premise and add stock of sockets, switches, and electric cables. Since he joined Faulu Kenya, he has improved his business and has become more financially stable. His desire is to open other outlets of his business in five years.

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
  • 1004
    View loans »
    Kenya Loans Fundraising
  • $40,867,100
    Funds lent in using Kiva
  • 97.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Michael to renovate his business premises and add stock of sockets, switches, and electric cables.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2011
Listed
Nov 11, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 16, 2012