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Michael is 39 years old, married and has three children. He has been selling charcoal for the past ten years and also roasts maize and sweet potatoes for extra income. He is very hard working because he has to provide for his family. Since he joined Faulu Kenya, he has learnt how to save his money.
He wishes to grow his business into a wholesale enterprise and also to open a barber shop. He requests a loan of 105,300 KES to buy sacks of charcoal.

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
  • 712
    View loans »
    Kenya Loans Fundraising
  • $44,827,200
    Funds lent in using Kiva
  • 86.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Michael to buy sacks of charcoal.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Nov 21, 2012
Dec 10, 2012
Currency Exchange Loss:
Jul 17, 2014