Stephen is 26 years old and married. He has a three year-old daughter named Sasha. He has a video library that includes a selection of DVDs, films, and tapes. He's been in this business for two years and has one employee. He also runs a boutique and was previously employed by Regal Pharmaceuticals.
Stephen repaid a loan of Kes. 25,000 from Faulu. He is now requesting a loan of Kes. 50,000 to buy a computer, renovate his shop, and add some accessories to sell.
He describes himself as a hard-working, responsible, and social businessman, who is determined to make ends meet in life. Since Faulu's training, he says that he has adopted a culture of savings and become empowered economically. In the future, he hopes to establish himself as a businessman and own his own home.
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.