Supporting microfinance in Kenya
Carolyne, a mother and carer to her elderly parents, runs a market stall in the Kawangware slum in Nairobi, Kenya, specialising in peanut products.
She started her nut selling business a few years ago with the help of a loan from Faulu, a local microfinance institution (MFI) and client of the Bank.
Through the support of the agency, Carolyne has been able to grow her business over the years. A recent loan enabled her to invest into a nut grinder. Customers love her homemade peanut butter and cooking pastes.
Her business is doing well and, as a result, she can now afford to send her children, aged 8 and 11, to school and is looking to buy some land.
Supporting microfinance institutions
We contribute to the sustainability of microfinance institutions (MFIs) like Faulu by providing access to capital markets and, in the long-term, integrate into the formal financial sector.
With our help MFIs can offer a wider range of products and services to a greater number of people.