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Kenya > Faulu Kenya

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MIX Profile: View MIX Profile
Network Affiliation: AMFIK - Association of Microfinance Instititions Kenya
Social Performance Reporting Level: N/A
Consumer Protection Principles: N/A
Field Partner Website: View Website
Email Contact: None

Faulu Kenya is a Deposit Taking Micro-Finance Company, with a mission to listen and empower Kenyans by providing relevant financial solutions. Faulu was founded in 1992 as a pilot programme of Food for the Hungry International (FHI), offering micro-enterprise lending in Nairobi’s Mathare slum. With a wide range of services and products (including farming loans), Faulu is proving to be one of the most innovative and fast-growing micro finance institutions in Kenya. Today, Faulu serves over 230,000 clients, with over 90 outlets throughout the country. Over the years Faulu has been able to help over 500,000 Kenyans with financial solutions transforming some from poverty into formidable business people.

In May 2009, Faulu made history by becoming the first Deposit Taking Microfinance to be licensed by the Central Bank of Kenya to accept customer deposits, enabling the company to better serve its clients. Faulu aspires to reach 1 million clients by 2011.

Vision: Giving Kenyans hope and a future.

Giving: Proactively seeking to enrich others through service.
Kenyans: Belief in our people’s potential, home-grown solutions for Kenyans by Kenyans.
Hope: Motivation for optimism.
A Future: Facilitate the fulfillment of Kenyans’ aspirations and dreams.

Mission: To listen and empower Kenyans by providing relevant financial solutions.

To Listen: Actively engaging others with a view to know them better hence meet their needs.
To Empower: Going beyond financial services by equipping with knowledge, skills and reaching out through Vision of Community.
Relevant Financial Solutions: Financial products and services that respond to customer needs.

Kiva Help Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jul 18, 2009 Oct 12, 2005
Total Loans $122,850 $101,929,710
Amount of Raised Inactive Loans $0 $111,475
Number Of Raised Inactive Loans 0 164
Amount of Paying Back Loans $122,850 $44,703,125
Number Of Paying Back Loans 264 63,327
Amount of Ended Loans $0 $57,115,110
Number Of Ended Loans 0 83,635
Delinquency Rate 0.00% 4.28%
Amount of Paying Back Loans Delinquent $0 $1,913,000
Amount of Paying Back Loans $122,850 $44,703,125
Number of Paying Back Loans Delinquent 0 6,018
Default Rate 0.00% 1.96%
Amount of Ended Loans Defaulted $0 $1,119,957
Amount of Ended Loans $0 $57,115,110
Number Of Ended Loans Defaulted 0 3,369
Currency Exchange Loss Rate 0.00% 0.00%
Amount of Currency Exchange Loss $0 $0
Refund Rate 2.91% 1.09%
Amount of Refunded Loans $3,575 $1,112,375
Number Of Refunded Loans 10 1,446
Updated as of November 21, 2009 12:54 AM

Kiva Help Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Entrepreneurs 47.12% 78.21%
Average Loan Size $461 $403
Average Individual Loan Size $461 $591
Average Group Loan Size $0 $1,494
Average Number Of Entrepreneurs Per Group 0 0
Average GDP Per Capita (PPP) in Local Country $1,445 $3,464
Average Loan Size / GDP Per Capita (PPP) 32.20% 11.65%
Average Time To Fund A Loan 1.33 days 2.27 days
Average Dollars Raised Per Day Per Loan $346.92 $177.73
  Average Loan Term 11.37 months 9.31 months
Updated as of November 21, 2009 12:54 AM

Kiva Help Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 51642
Journal Coverage 0.00% 28.22%
Journal Coverage, Kiva Fellows 0.00% 0.21%
  Journal Frequency (Average Per Loan Per Year) 0.00 0.32
  Average Number Of Recommendations Per Journal 0.00 10.30
Updated as of November 21, 2009 12:54 AM

Kiva Help Borrowing Cost Comparison

    This Field Partner Median for MFI Peers in Country All Kiva Partners
  Average Interest Rate and Fees Borrowers Pay (Portfolio Yield) 31% 31% 35.21%
  Average Loan Size (% of Per Capita Income) N/A N/A 23.43%
  Average Partner Return On Assets -1% 1% 0.24%

Field Partner Staff

James Asiba
Rachel Brooks
David GIkonya
Leah Gitau
Anne Kimari
Helen Kithinji
Lydia Koros
Mary Munyiri
Zachary Muriithi
John Mwara
Charity Wainaina

Kiva Help Country Fast Facts

Country: Kenya
Capital: Nairobi
Official Language: English (official), Kiswahili (official), numerous indigenous languages
Population: 32,021,856
Avg Annual Income: $1,445
Labor Force: agriculture 75%
Population Below Poverty Line: 50%
Literacy Rate: 85.10%
Infant Mortality Rate (per 1000): 62.62 deaths
Life Expectancy: 44.94 years
Currency: Kenya Shillings
Exchange Rate: 74.5500 KES = 1 USD