Grace is 26 years old and a mother of one. She has been operating a salon for two years. She was previously employed. Grace went into business because her income was not enough to raise her child, who is 3 years old. She has managed to grow her business and has employed one person.
She was introduced to a group in Faulu Kenya, where she saves her money on weekly basis. In this group, she can be guaranteed a loan from Faulu Kenya, a Kiva partner. She has requested a loan of 40,000 Kenyan shillings to buy hair chemicals and a hair dryer.
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.