Josephat is 31 years old, married and has a four-year-old son named Jonah. He makes a living by selling second-hand furniture while his wife earns an income by running a beauty a salon. Josephat has been in business for five years and now has one employee. Before he started his current business, he made a living selling second-hand clothes. Thanks to help from the Kamiti Road group in Faulu, Kenya, he has been able to expand his business by taking out a loan which he repaid on time. Now he is applying for a new loan, for 80,000 KES, to buy more furniture to sell to his customers. Josephat hopes to expand his business in the future so that he can improve his family's living standards. He also hopes to open a new wholesale business.
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.