Mutio is a 49-year-old married man, who is blessed with four children. He has a retail shop in a slum called Kwa Reuben. He has 10 years of experience in the business. He also runs a boutique to earn a living. He was previously employed before he went into business. He intends to add maize flour, cereals, cooking fat and sugar to his stock and to expand his shop. Therefore, he has requested a loan of KES 90,000 from Faulu Kenya. For him to take out this loan, he has been guaranteed by his group members under Faulu Kenya. He is a hardworking and visionary man who hopes to open a wholesale shop in the future. Mutio appreciates Faulu Kenya for helping him to educate his children, expand his business and save his money.
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.