Lucy is 45 years old and married with four children who go to school. She has been running a bakery in Nairobi for five years to earn a living. She bakes her cakes and distributes them locally to retail shops. She was previously selling animal feeds before she ventured into this business.
She is a member of the Five Star group in Faulu Kenya, which consists of entrepreneurs who are willing and determined to improve their lives. The members of the group meet on a weekly basis to save their money and co-guarantee each other to borrow loans.
She has requested a loan of 81,700 Kenyan shillings from Faulu Kenya to buy a solar panel. She hopes to grow her business and improve her living standards 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.