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Peter
Peter is 40 years old, married and has 3 children. He does tailoring to earn a living, he has been in the business for 20 years and has employed 2 people. He describes his customers as low income earners because they live in slums. Since he joined Faulu Kenya, he has been able to pay school fees for his children and hopes to expand his business in the future. He has applied for 40,000 Kenya Shillings to buy a tailoring machine and cloth material.

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
  • 671
    View loans »
    Kenya Loans Fundraising
  • $39,776,825
    Funds lent in using Kiva
  • 82.5
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Peter to buy a tailoring machine and cloth material.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2012
Listed
Mar 19, 2012
Currency Exchange Loss:
Possible
Ended:
May 30, 2013