Faulu commits to support social entrepreneurs

By Peter Ochieng

Faulu Microfinance Bank has reinforced its commitment to empowering social entrepreneurs by crafting and rolling out tailored sustainable financial solutions.

The move is aimed at helping social entrepreneurs navigate challenges, and develop sustainable solutions in line with the bank’s vision to transform lives.

Speaking during the 6th Annual Africa Conference on Social Entrepreneurship (AACOSE) organized by Tangaza University and Ashoka Africa, Faulu Bank Acting CEO Julius Ouma said they fully understands that customers' needs are dynamic, hence commits to assist them in achieving their financial objectives.

"We understand that customers’ needs are constantly evolving, and we are committed to listening attentively and curating innovative solutions that effectively address these needs," said Ouma.

"Supporting social entrepreneurship and providing transformative financial products and services, we aim to not only transform lives but also build the financial prosperity of the societies, businesses, and shareholders we engage with," he added.

Last year, Faulu Bank rolled out numerous transformative social innovations that have positively impacted communities and the economy.

Among these innovations are the introduction of the Faulu DigiCash App which has revolutionized how customers manage their finances, providing convenience and accessibility.

The Bank has also fostered agribusiness partnerships and provided dedicated agribusiness financing solutions, actively driving sustainable economic development and contributing to food security by supporting farmers, agribusinesses, and stakeholders along the agricultural value chain.