Peter is a 33-year-old, hardworking and determined married man. He runs a general shop where he sells cereals, green vegetables, fruit and drinks to his neighbours. He previously sold electronics, before he ventured into this business. Since he joined Faulu Kenya his capital has increased and he has been able to diversify from selling electronics to having a general store. He plans to grow his business and to buy household assets in the future. He has requested a loan of KES 80,000 to add stock of flour, juice, soda, detergent and other products. He has previously taken a loan of KES 140,000 and demonstrated responsibility and punctuality when completing his payments.
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.