Stephen is 39 years old, married, and has four children who are in school. To earn a living, Stephen makes shoes and sells them. He operates his business in a competitive environment with loyal customers. He has been in the business for six years and has employed one person. He also does farming to supplement his income. He had previously acquired a loan from Faulu Kenya which helped him to increase his stock. He dreams of expanding his business in the future. He has requested a loan of 50,000 KES to buy leather, gum, linings, and shoe soles.
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.