Faulu Microfinance Bank is a limited liability company duly incorporated in Kenya under the Companies Act.
The bank is regulated by the Central Bank of Kenya. In addition, it is a member of the Kenya Bankers’ Association (KBA) and the Association of Microfinance Institutions (AMFI).
The Microfinance Bank is a member of Old Mutual Limited (OML) and a subsidiary of The Old Mutual East Africa Group.
In April 2014, Old Mutual acquired a 67% stake in Faulu Kenya through capital injection. The acquisition expanded Old Mutual’s market presence via Faulu Kenya’s branch network across the country, while providing Faulu Kenya with the capital needed to meet statutory requirements.
Additionally, the bank offers a comprehensive range of financial services, including banking, investment, savings, and insurance, with a focus on community, retail, MSME, and institutional banking segments, as well as bancassurance.
In the year ending December 2024, Faulu Microfinance Bank, a part of the UAP Old Mutual Group, experienced a loss. However, the microfinance bank also achieved a significant 41% growth in its bancassurance business, with general insurance sales reaching Ksh 155 million, a notable increase from Ksh 99 million in the previous year.
The bank is currently headed by Julius Ouma, who took over as the Chief Executive Officer in October 2024.
Faulu Bank Loan Products
The following are different loans offered at Faulu Bank;
- Imara Loan
Designed for salaried individuals working in institutions without an existing partnership (MOU) with Faulu. - Okoa Mteja Temporary Loan
A short-term emergency loan accessible via mobile for Faulu Salary Account holders. - Biashara SME Loan
Tailored for small and medium-sized businesses, offering working capital and financing for business assets. - Faulu Micro Secured Loan
A flexible loan for small businesses, covering needs like working capital, LPO financing, and emergencies.
Also Read: Co-operative Bank Owners, Branches & Loans Offered
- Asset Financing Loan
- Helps customers purchase equipment, vehicles, or machinery for personal or business use.
- Faulu Chama Loan
Supports both formal and informal groups such as investment clubs and merry-go-rounds. - Faulu Corporate Check-Off Loan
A loan for employees of organizations partnered with Faulu, guaranteed through salary deductions and backed by Old Mutual. - Group Extra Loan
Enables groups to access funding for collective projects and development activities.
Also Read: KCB Bank Owners, Branches and Loans Offered
Bank Branches
They include, Ngong Road, Kenital, Kawangware Limuru Road, Nairobi Kimathi Street, Nairobi Jeevanjee Garden, Racecourse Road Nairobi, Nairobi Gikomba, Kayole Komarock Road, and Outering Road Kariobangi.
Others include: Kibera Nairobi, Kitengela Town, Betsa Building Kiserian, Rongai Town, Kiambu Town, Thika Town, Githurai 45, Machakos Town, Matuu Town, Kitui Town, Mwingi Town, and Mombasa Moi Avenue, Changamwe Mombasa, Antonioz Building Naivasha, Molo Town, Ereto Plaza Nakuru, Mai Mahiu Road Narok, Bomet Town, Muranga Town, Embu Town, Mwea Town, Nyeri Town, and Karatina Town.
Faulu Microfinance also has branches in Nanyuki Town, Nyahururu Branch, Meru Moi Avenue Street, Maua Town, Kabarnet Town, Bungoma Town, Mumia Town, Busia Township, Ugunja Center, Kakamega Town, Kisumu Town, Eldoret Township, and Homabay Town, Voi Township, Migori Town, Kapenguria Town, Kitale Town, Malindi Town, Kilifi Town, Limuru Centre, Kongowea Market, Ukunda Township, Litein Town, Kericho Town, Emali Town, Njoro Town, Kimilili Town, Bondo Town, and Taveta Town.
Follow our WhatsApp Channel and X Account for real-time news updates.
