Peter is a 38-year-old married man who has four children in school. He earns a living by renting out his houses and selling water. Besides these businesses, he is employed and also earns extra income from farming. He has been a member of Faulu Kenya and had previously taken out a loan of KES 20,000, which he used to start his water distribution business. He hopes to open up many other water points in his residential area. He has requested for a loan of KES 50,000 to install water for sale in his rental houses. He sees himself having his own borehole to enable him to distribute water more efficiently in the future.
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.