Teresia is 37 years old and single with one child who goes to school. She sells charcoal and also practices dairy farming to earn a living. She has been in these businesses for six years and has one employee. The profit from these businesses has been the main source of her family's income. She has been saving her money with her group in Faulu Kenya called Ikinu Clean Shine which guarantees loans to its members.
She has requested a loan of 20,000 KES from Faulu Kenya to buy animal feeds and to add to her stock of charcoal. This loan will allow her to grow her businesses further so that her child can fulfill dreams of achieving a college degree and finding a good job.
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.