Mary is blessed with a three-year-old child. She operates a salon to earn a living. As a single mother, she works hard in her business in order to earn enough income to raise her child. She opened her salon six years ago, and has managed to expand her business in Faulu, Kenya. This was possible because of a previous loan of 20,000 KES taken out by her. Mary now wants to buy beauty products, hair braids and hair oil. Hence she is requesting a loan of 40,000 KES. She hopes to expand her business further and open a hair dressing college 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.