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Stephen
Stephen is 39 years old, married, and has four children who are in school. To earn a living, Stephen makes shoes and sells them. He operates his business in a competitive environment with loyal customers. He has been in the business for six years and has employed one person. He also does farming to supplement his income. He had previously acquired a loan from Faulu Kenya which helped him to increase his stock. He dreams of expanding his business in the future. He has requested a loan of 50,000 KES to buy leather, gum, linings, and shoe soles.

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
  • 652
    View loans »
    Kenya Loans Fundraising
  • $39,170,550
    Funds lent in using Kiva
  • 84.0
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Stephen to buy leather, gum, linings, and shoe soles.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 31, 2012
Listed
Aug 16, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 10, 2013