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Michael
Michael is 32 years old and has three children. He does tailoring to earn a living. He has been in the business for three years and has two employees. Besides that, he sells tea leaves to generate extra income. Previously, he used to sell used clothes. He had previously acquired a loan from Faulu Kenya, which helped him grow his business. He has also become more business-oriented because he has been trained in business management. He dreams of opening an industry and employing people. He needs a loan of 25,000 KES to buy fabrics and a sewing machine.

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
  • 794
    View loans »
    Kenya Loans Fundraising
  • $42,346,475
    Funds lent in using Kiva
  • 84.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Michael to buy fabrics and a sewing machine.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2012
Listed
Jul 7, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 22, 2012