Michael is a father of four. He does farming together with his wife and has two other employees. He also runs a retail shop to get extra income. Michael has been a farmer for ten years and he joined a group called Ikinu Star One in Faulu Kenya. In this group, the members guarantee each other's loan. He also saves his money on weekly basis with the group. This has helped him to invest in his business. He previously took out a loan of 20,000 Kenyan shillings (KES) from Faulu Kenya and successfully repaid it. He has requested a loan of 60,000 KES to buy two dairy cows for more milk production. He hopes to stabilize his 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.