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Stephen
Stephen is a hardworking 29-year-old businessman. He runs a motorcycle transport business to earn a living. He operates his business in a competitive environment with reliable customers. Besides this, he also does mechanics to supplement his income. Since he became a client of Faulu Kenya, he has learnt how to save because he has been trained on financial management. He dreams of expanding his business in the future. He needs a loan of 40,000 KES to buy a motorcycle.

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
  • 955
    View loans »
    Kenya Loans Fundraising
  • $41,080,625
    Funds lent in using Kiva
  • 84.0
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Stephen to buy a motorcycle.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 31, 2012
Listed
Aug 16, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013