Ngute is 27 years old and married, with five children. He sells charcoal to earn a living, a business he has been in for five years. He describes his business environment as good because there is limited competition. Since he joined Faulu Kenya, he has been able to save his income and hopes to grow his business in the future. He has applied for a loan of 20,000 Kenya Shillings to buy charcoal to sell.
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.