Benard is 30 years old and married with one child. For the past eight years, he has sold spare motor vehicle parts to earn a living and has employed one person. Benard describes his business environment as favorable because he has limited competition. Since he joined Faulu Kenya, he has been able to improve his living standard.
Benard is requesting a 50,000 KES loan to buy spare motor vehicle parts to sell. In the future, he hopes to expand his 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.