Wallace is 32 years old and married and with two children. He is a mechanic by profession and also operates a vehicle spare-parts shop. He has been in this business for five years. He uses his income to support the family and to educate his one child who is in school.
Wallace joined Faulu Kenya in a group with the aim of saving his money and accessing loans. He has requested a loan of 20,000 Kenyan shillings to buy oil lubricants for sale. He hopes to expand his shop into 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.