Florence is 38 years old and married with four children who go to school. She runs a retail shop and also practices small-scale farming in her rural home to earn a living. She sells household goods, plastics and cereals in her shop. She also receives extra income from her husband’s salary, he being employed as a teacher.
Florence saves her money with her group in Faulu Kenya called Kyeni Ngoleni which guarantees loans made to its members. She hopes to grow her business to a wholesale operation and also renovate her house in the future. She has requested a loan of Kes 70,000 from Faulu Kenya to add to her stock of sugar, flour and cooking fat.
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.