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Patrick
Patrick is 32 years old. He is married and has three children. He earns a living by selling tomato sauce and he has been in business for four years. He is very hard working and, since he joined Faulu Kenya, he has been able to save his money and also increase his profits.

He wishes to expand his business and own a wholesale shop. He is requesting a loan of 42,727 KES in order to open a another retail business outlet, and the loan will help him buy storage containers and other ingredients of making tomato sauce to put in the outlet.

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
  • 983
    View loans »
    Kenya Loans Fundraising
  • $40,863,875
    Funds lent in using Kiva
  • 86.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Patrick to open another business outlet, buy storage containers and other ingredients of making tomato sauce.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2012
Listed
Dec 11, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 19, 2013