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Ngute
Ngute is 27 years old and married, with five children. He sells charcoal to earn a living, a business he has been in for five years. He describes his business environment as good because there is limited competition. Since he joined Faulu Kenya, he has been able to save his income and hopes to grow his business in the future. He has applied for a loan of 20,000 Kenya Shillings to buy charcoal to sell.

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
  • 961
    View loans »
    Kenya Loans Fundraising
  • $41,127,600
    Funds lent in using Kiva
  • 86.0
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Ngute to buy charcoal to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 27, 2011
Listed
Feb 1, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 22, 2012