Stephene is 41 years old and blessed with five children. Four of them are in school.
Stephene has been supplying potatoes for ten years. He was previously employed in a hotel, but currently he has no other source of income. Since he became a member of Faulu Kenya, he has been able to increase his business capital, leading to an increase in sales and customer retention. He hopes to expand his business by opening many branches in future. He also dreams of owning land, being stable and increasing his profit margin.
He has requested a loan of Kes 80,000 to add to his stock of potatoes and also buy a jiko (cooker) for potato chips. He describes himself as a determined man, honest and friendly to his customers.
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.