| About Faulu Microfinance Bank | Faulu Microfinance Bank is a limited liability company duly incorporated in Kenya under the Companies Act. It is regulated by The Central Bank of Kenya, a member of the Kenya Bankers’ Association (KBA) and The Association of Microfinance Institutions (AMFI). Its vision is to enable kenyans realize their dreams, by listening and empowering the community with relevant products and services including Banking, Investment, Savings and Insurance read more |
| Loans provided |
| Loan 1 | Biashara SME Loan |
| Brief description of the loan | This is a tailor made loan to grow businesses including a wide range of Trade finance solutions e.g. LPO financing, access to Guarantees i.e. Bid Bonds and performance bonds to facilitate bids with the government and other entities. |
| Loan 2 | Asset Finance |
| Brief description of the loan | This is a loan tailored for SMEs and individuals to acquire business and personal assets such as Personal cars, trucks, trailers, plant machinery etc. with affordable Insurance premium financing. |
| Duration | Upto60 months. |
| Ceiling amount | Upto KES 100 million |
| Loan 3 | Insurance Premium Financing (IPF) |
| Brief description of the loan | Loan tailored to support individuals and SMEs to pay Insurance Premium with reputable Insurance companies |
| Duration | Up to 10 Months |
| Ceiling | KES 3,000 – 500,000 |
| Loan 4 | Faulu Landlord Loan |
| Brief description of the loan | This is a loan for financing of commercial property development and expansion. It is accessible to landlords who have developed property with a stable rental income in cities ,counties and municipalities |
| Duration | Flexible repayment term |
| Loan 5 | Ushirika Loan |
| Brief description of the loan | This loan offers a flexible financing arrangement for churches and para church organizations’ income generating projects. |
| Grace period | Up to 2 months |
| Ceiling | Min KES 50,000 Max KES 20M |
| Loan 6 | Group Business Loan |
| Brief description of the loan | This is a financing solution for self-help groups to grow and improve their businesses. The loan can be accessedin multiples subject to ability |
| Collateral | Flexible collateral options |
| Duration | 3 -24 Months |
| Ceiling | Min: KES 5,000 Max: KES 500,000 |
| Loan 7 | Micro Loan |
| Brief description of the loan | This is a multipurpose solution for small businesses/entrepreneurs suitable for Working capital, LPO financing and business emergency |
| Interest rate | Interest waiver on top up |
| Duration | 18-36 months |
| Ceiling | Min: Kshs1M Max: kshs.3M Refinancing is available subject to appraisal when the existing loan is 75% paid from the 2nd Loan cycle |
| Loan 8 | Chama Loan |
| Brief description of the loan | This is an enabler of wealth creation through investments for both formal and informal investment groups. Members can also access individual loans. |
| Duration | Up to 72 Months |
| Ceiling | Min KES 50,000 Max KES 300M |
| Loan 9 | Nafaka Loan |
| Brief description of the loan | This loan offersfinancing for farm inputs to facilitate trading in cash crops such as maize, wheat and sorghum |
| Duration | 3-12 months with flexible repayment terms dictated by the crop cycle |
| Ceiling | KES 5,000-3M |
| Loan 10 | Maziwa Loan |
| Brief description of the loan | This loan offers enables farmers buy dairy cows for more milk productivity and farm improvement |
| Duration | Up to 36 months with flexible repayment terms based on milk remittance cycle |
| Ceiling | Up to KES 3M |
| Loan 11 | Green Gold |
| Brief description of the loan | This loan enables tea farmers meet their immediate financial needs independent of the tea bonus cycle |
| Duration | Up to 12 months with flexible loan repayments structured to accommodate the tea bonus payment |
| Ceiling | Up to KES 500,000 or up to 75% of the value of tea bonus earned in the recent 3 years |
| Loan 12 | Pesa Chap Chap |
| Brief description of the loan | This is a solution for Faulu self-help group customers to meet short term emergency cash covered phone based loan |
| Ceiling | KES 300 – Max 10,000 instantly disbursed on phone |
