Faulu MD, Apollo Njoroge recognized that Limuru is strategically located in Kenya’s most productive agricultural regions and is a fast-growing commercial hub.

Limuru is a major tea producing area with vibrant businesses and Faulu’s presence positions it to scale up the support of small enterprises and individuals in the lucrative farming industry involved in poultry, dairy, horticulture and other agricultural activities including input supply.

The Bank also plans to provide business training for its SME and individual customers to empower them with skills to grow their businesses.

Kiambu County Governor Dr. James Nyoro, who was the chief guest at the launch ceremony, hailed Faulu’s move to open a third branch in the county saying this will create more opportunities for residents to improve their economic and financial wellbeing.

He also disclosed that the county government will be partnering with financial institutions like Faulu Bank to provide flexible loans to SMEs since access to credit remains a big constraint for small businesses.

“I encourage the small traders to open accounts with banks like Faulu and grow their savings to enable them to borrow money to expand their businesses,” said Dr. Nyoro.

Limuru is the third branch Faulu is opening in Kiambu County after Thika and Kiambu Town. In addition to agribusiness, Faulu is keen on tapping into the booming real estate market in the county.

The unique products the bank is offering include landlord loans for construction and rehabilitation of rental units in areas around Limuru like, Ruaka, Gachie, Banana, Ndenderu, Wangige and Kikuyu. The bank is looking to also open personal transactional and business accounts as well as ensure the uptake of its affordable Insurance products.

Faulu Bank is forging partnerships with national and county governments given that many of its customers are suppliers of public goods and services. A lot of business is happening in the counties and by offering products like LPO financing, the bank will be providing the much-needed financial support to enable customers meet their contractual obligations.

The ceremony was well attended by a representative of Faulu Branch managers and Head office staff, customers from different segments of business who were happy to continue supporting the growth of the Faulu brand and a section of the Kiambu county government officials.