Faulu Microfinance Bank - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Experts warn of KSh3.3 trillion MSME financing shortfall

Sacco ReviewJune 4, 202604 mins

Kenya’s Micro, Small and Medium Enterprises (MSME) sector is staring at a severe credit crunch, with experts warning that the country faces a KSh3.3 trillion funding gap that threatens the survival and growth of the sector. Financial institutions are currently providing only a fraction of the capital required to sustain operations, raising fears about the…

Faulu gets over Ksh900 million to grow digital, MSME banking

Sacco ReviewJuly 7, 202405 mins

Faulu Microfinance Bank has secured more than KSh 900 million from its parent company, Old Mutual, to enhance its operations and revamp its business model for sustained growth. The company plans to utilize the funds to expand its digital banking services and to realign its distribution channels and human resources to promote sustainable growth. Faulu…