Developing education finance products for Faulu
Nov 1, 2018
1 min
Faulu Microfinance Bank (MFB) decided to improve access to quality education for low and middle-income households, through strengthening and expansion of its educational finance portfolio. MSC supported Faulu MFB on strategic planning, market research, product development, and business intelligence reporting – with a target on relationship officers and risk management.
Our engagement resulted in Faulu MFB successfully refining its products. Faulu developed its institutional capacity and grew its educational finance portfolio. As of September, 2018, over 7% of the institution’s retail, individual, and SME portfolio is towards meeting the education finance needs of their clients and schools in Kenya.
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