Faulu Microfinance Bank has introduced a Money Market Fund (MMF) to offer customers flexible and profitable investment opportunities.
The fund, managed by Old Mutual Investment Group, provides access to short-term financial instruments with a current yield of 16.32% per annum.
With a minimum investment of Sh1,000, the MMF aims to broaden investment access for Faulu customers.
“This launch broadens the access of our clients to high-quality investment opportunities,” said Ouma Faulu Bank’s CEO.
The bank’s strategic move is underpinned by a Sh900 million capital injection from Old Mutual Group, strengthening its financial position and expanding its product offerings.
Additionally, Faulu Bank has unveiled new financial solutions tailored for the real estate sector. Recognizing the sector’s significant contribution to Kenya’s GDP and the growing demand for housing, the bank aims to become the preferred financial partner for landlords and agents.
By offering expedited loans, customized financial packages, and simplified application processes, Faulu seeks to address the sector’s financing challenges and support its continued growth.
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