Leonard, a 30-year-old married man with two children, aged four and one, has been running a cafeteria for two years, employing two people to help him serve his customers. He previously took out a loan of 80,000 KES, now repaid, to buy a plot of land, and is now requesting a new loan of 90,000 KES to buy cooking ingredients. Leonard is a hardworking man who hopes to expand his business and open other outlets 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.