Benard is 27 years old and married with one child. He owns a motorcycle, which he uses for a transportation business to earn a living. He has been in the business for three years. This is his only source of income and thanks to it, he has been able to meet his family's expenses.
He saves his income with his group in Faulu Kenya called Nuru Investments, which guarantees loans to its members. Benard is a hardworking man who spends most of his days working. His biggest wish is to get ahead and to have a more stable job so that he can have more income that will allow him a better quality of life.
He has requested a loan of 20,000 Kenyan shillings from Faulu Kenya to buy spare parts for his motorcycle.
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.