Francis is 57 years old, married and has three children who are 16, 18 and 21 years old. He generates his income from the sale of herbal medicine. Previously, he acquired a loan that enabled him to expand his business, which is currently doing well.
Since he became a member of Faulu Kenya, he has learned how to save his money because he has been trained in business management skills. Being a member of a group in Faulu Kenya, he has also been motivated by his colleagues to work hard. He hopes to open a pharmacy to sell herbal medicine. He needs a loan of 70,000 KES to buy more herbal medicine.
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.