Funded

Total loan: $275
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Julius

Kenya
Nairobi, Kenya / Cobbler

A loan of $275 helped buy additional stock.


Julius's story

Julius Njeru I. is a 34-year-old father of two school-going children aged 9 and 8 years. He is asking for a first loan of Ksh. 20,000 to expand his shoe vending and repair business in the Mukuru Slum in Nairobi, Kenya. Having faced challenges of insufficient capital and lack of education, Julius is determined to expand his small business. He sells shoes and shoe laces and repairs shoes. With this loan, Julius plans to buy additional stock for his business and expand it.

In the future, Julius hopes to own a shoe manufacturing company, employ people, buy and develop rental houses, manage his own businesses and give his children education to the highest level and the best care one can give. Julius describes himself as hardworking, diligent and social.

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.



Loan details

Loan length:

15 months
Disbursed date: August 5, 2009

Lenders and lending teams



Loan details

Loan length:

15 months
Disbursed date: August 5, 2009