Michael is 24 years old and single. He runs a retail shop selling electrical goods. He has been operating this business for four years. He employs two people to assist him in the business.
Michael is requesting a loan for 60,000 Kenya shillings, which he will use to renovate his business premise and add stock of sockets, switches, and electric cables. Since he joined Faulu Kenya, he has improved his business and has become more financially stable. His desire is to open other outlets of his business in five years.
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.