Amosi is 27 years old and married with one child who goes to school. He runs a shop where he sells mobile phones to earn a living. He was previously selling chloride exide batteries before he ventured into this business. He is married to an employed lady and with their combined income they are able to live a decent life. He has many customers because of his good customer care skills.
He saves his money with his group in Faulu Kenya (called Kikwetu) on a weekly basis, which enables him to access loans because the group guarantees. He had previously taken out a loan of 20,000 KES from Faulu Kenya which he used to expand his business and which he successfully repaid. He has requested a loan of 50,000 KES from Faulu Kenya to add to his stock of mobile phones for sale. He hopes to double his income and improve his standard of living 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.