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Ongechi is a hardworking businessman. He is married but has no children at the moment. For the last 4 years, he has been running a welding business in order to make a living. In the next 5 years he wants to have opened up another shop in the town centre. His dream is to acquire a piece of land and develop it. He is requesting a loan of 20,000 Kenyan shillings to buy more metal for welding. Thanks to Faulu Kenya he has been able to embrace the culture of saving.

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
  • 559
    View loans »
    Kenya Loans Fundraising
  • $49,708,225
    Funds lent in using Kiva
  • 92.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Ongechi to buy metal for welding.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Aug 18, 2011
Aug 26, 2011
Currency Exchange Loss:
Jul 16, 2012