Wilfred, age 28, operates a barber shop to earn a living. He started the business in 2011 and has one employee. He and his wife have two children, both of whom are enrolled in school.
Since he became a client of Faulu Kenya, he has learned the importance of saving, since he has been trained on financial management. He dreams of opening another outlet in a different location in the future.
Wilfred has requested a loan in the amount of 30,000 KES in order to buy a shaving machine and a generator.
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.