Faulu Microfinance Bank

Faulu Kenya is a Deposit Taking Micro-Finance Company, registered in Kenya under the Micro-Finance Act which is regulated by the Central Bank of Kenya. Faulu was founded as a programme of Food for the Hungry International (FHI), a Christian relief and development organisation based in Phoenix Arizona in USA and has grown to become an MFI that offers both savings and credit services to millions of Kenyans. FHI recognised that there were unique needs of low-income people in rural and urban areas and that sustainable economic development for the marginalised poor is a priority issue in the developing world. To address these issues, FHI established Faulu Africa Network, a regional micro finance network operating in Kenya, Uganda and Tanzania. FHI began with a pilot phase of micro enterprise lending in the Mathare slums east of Nairobi in 1992. As the methodologies and systems were defined, it formally became the Faulu Loan Scheme in 1992. Thereafter, in 1993, a commitment was made to expand the programme and major funding availed. Finally in October 1994, Faulu Kenya officially came into being and was registered as a limited liability company in 1999. Valuable support was received in the formative years from USAID, DFID and the European Union. Faulu Kenya is currently a sustainable and profitable micro finance institution. Faulu Kenya has grown tremendously over the last 16 years, with over 90 outlets throughout Kenya. These outlets are currently serving over 250,000 clients. There are now more than 1500 members of staff in the outlets and at the Business Support Center (Head Office).