Leonard is a 37-year-old married man. For nine years, he has been operating a retail shop where he sells cereals, mattresses, cooking fat and sugar. That is, he runs a grocery and sells household items. He joined Kamiti Road group in Faulu Kenya. In the group, he has learnt how to keep business records. He has also developed a routine for saving his money on a weekly basis with the group.
Currently his business has improved through the group and he has managed to employ one person. He previously took out a loan of 40,000 KES. With the loan, he was able to boost the business. His main challenge is lack of capital to add stock so as to meet his customers' demand. Therefore, he is requesting 80,000 KES to buy cooking fat, mattresses, rice and sugar. He hopes to expand the business for better output. In ten years, he wants to own a wholesale shop. He describes himself as hardworking and determined.
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.