Joseph is a 34-year-old single man. He operates a mobile money transfer business and a house girl bureau. He has been running the mobile money transfer business for five years and has two employees. He is a member of Faulu Kenya under a group called Eagles 2000, which is aimed at saving money, sharing business ideas and guaranteeing loans to its members. He has requested a loan of Kes. 40,000 to add float to his mobile money transfer business. He hopes to be financially stable and venture into the real estate 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.