Moses is 31 years old and married with one child. He runs a retail shop where he sells general merchandise such rice, sugar, flour and cooking fat to earn a living. Moses is a very hardworking man who also sells clothes to earn enough money to support his family since the living costs are high. He was previously selling electronics before he ventured into this business.
Moses saves his money with a group in Faulu Kenya on a weekly basis which enables him to access loans because the group guarantees loans made to its members.
Moses hopes to grow his business to wholesale and open outlets in the future. He has requested a loan of Kes 40,000 from Faulu Kenya to add to his stock of sugar, rice, cooking fat and cereals.
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.