James is a 35-year-old father of three. He has a retail shop where he sells maize flour, rice, soap, sugar and cooking fat and has been in this business for three years. He also does construction on a contract basis to earn more income to support his family since he is the breadwinner. He uses part of his income to pay fees for his children.
James is a new member of Faulu Kenya in a group called Destiny which was introduced to him by his friends. He joined the group so as to access loans easily from Faulu Kenya. He has requested a loan of Kes 50,000 to add to his stock of rice, maize flour, soap and cooking fat. He hopes to expand his shop into a wholesale business 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.