Paul is a 31-year-old married man. He has a one-year-old child. He has been operating a butcher shop for four years and has three employees.
Paul is an active member of a group in Faulu Kenya where he saves his money on a weekly basis. So far, he has managed to finance his business through the group. This is because the members of the group guarantee each others' loans.
He wants to take out his second loan of 80,000 KES which he will use to buy bulls for slaughter. Paul is a hardworking man who hopes to buy a lorry for transporting bulls for slaughter 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.