Faulu Microfinance Bank Unveils Money Market Fund

Faulu Microfinance Bank is a member of the Old Mutual Group in East Africa. It’s a limited liability company duly incorporated in Kenya under the Companies Act. The bank is regulated by the Central Bank of Kenya, a member of the Kenya Bankers’ Association (KBA) and the Association of Microfinance Institutions (AMFI) is thrilled to announce the launch of our new Money Market Fund (MMF), managed in partnership with Old Mutual Investment Group.

This exciting investment opportunity offers a competitive effective annual yield of 16.32% as of 18th July 2024 which was among the best for similar funds.

The MMF is designed to meet diverse financial goals and preferences, allowing you to start investing with as little as KES 1,000/-. This initiative is part of the Banks strategic plan to enhance our customer offering through solutions that meet the evolving needs of its growing customer base by partnering with Old Mutual Investment Group in Wealth Management in Kenya.

“We are pleased to introduce our Money Market Fund, which is part of the innovative financial solutions we are creating for our customers. This launch broadens the access of our clients to high-quality investment opportunities,” said Faulu Bank’s CEO, Julius Ouma.

In 2022 the bank expanded its digital offering as it seeks to boost customer experience, offer convenience, and tap into the youthful customer base.

The bank aims to provide a more efficient service to existing customers after a thorough product rationalization exercise that saw the bank revamp its digital product offering.