Cornel is 34 years old, married, and has five children. He does auto repair to earn a living. He has been in the business for four years and has employed one person. He describes his business environment as competitive because many people do the same business. He also describes his customers as low income earners because they live in slums.
Since he joined Faulu Kenya, he has been able to educate his children and hopes to expand his business in the future. He has applied for 100,000 Kenyan Shillings to buy spare auto parts.
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.