John is a 71-year-old businessman who runs a retail shop. He sells mainly household items. In addition, he sells charcoal and paraffin and does farming together with his wife. He was previously employed and went into business because his salary could not support his big family. John has managed to educate his eight children and he has only two children who are still in school. John became a member of Wikwayo Mutituni group in Faulu Kenya. He has benefited from the group because he can save his money. He has also taken out a loan of 60,000 KES through the group. He has requested another loan of 55,000 KES. He will use the money to purchase charcoal and paraffin. His dream is to purchase a piece of land for farming to boost his family’s income. In ten years, he wants to be a wholesaler.
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.