Jacob is 29 years old and has two children. He sells onions to make a living. He has been in this business for three years and has two employees. Besides this, he also generates extra income from his salon business. He has previously acquired a loan from Faulu Kenya, which helped him to expand his business. He has also learned how to manage and repay his loan effectively, because he has been trained in financial management. He hopes to start making supplies for schools and hotels in the future. He needs a loan of 70,000 KES to buy 1,500 kg of onions.
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.