Monica is 50 years old and sells charcoal. She has four children and has been in business for five years. She also runs a cafeteria and has employed three employees who help her run the cafeteria. She also has rental houses, which she rents out to customers. She used to previously sell cereals.
She hopes to expand her business and have her own business premises. She requires a loan of 20,857 KES (Kenyan shillings) to buy charcoal, cooking oil, maize flour, wheat flour and potatoes.
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.