Philip is 57 years old, married, and has seven children. He operates a retail shop to earn a living. He has one employee. He also runs a motorcycle transport business to supplement his income. Philip has previously received a loan from Faulu Kenya, which helped him to grow his business. With the additional income he generated, he was able to support his family. He is requesting a loan of 100,000 KES to buy maize flour, sugar and milk. He dreams of opening more outlets in a different location in the future.
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.