Lucy is a 40-year-old mother of two. She runs a salon and a cosmetic shop to earn a living. She has been in this business for 10 years and has two employees. Her business is located in Zimmerman in the outskirts of Nairobi city. She had previously taken out a loan of KES 50,000 from Faulu Kenya which she used to expand her business and she successfully repaid. She hopes to grow her business and offer better education to her children in the future. She has requested for a loan of KES 50,000 to add stock of hair chemicals, nail polish and beauty products.
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.