Silas is 34 years old, married and has three children, all of whom are in school. For the last eight years, he has run a shop where he sells flour, sugar, salt and other food items. He also runs a taxi service and a farm. He has one employee, and is very grateful to Faulu Kenya for helping him provide for his family, and especially for helping him give his children an education. He would like his children to continue in school, and expand his businesses by buying a piece of land on which he can build rental housing. Silas has requested a loan of Kes. 60,000 to buy supplies for his store, including sugar, kerosene and maize. He is hardworking and friendly, and would also like to open a wholesale business 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.