Faulu Microfinance Bank was awarded the Financial Reporting (FiRe) accolade during an award Ceremony held at Carnivore Restaurant on 8th November 2019.
Faulu was acknowledged as the best Microfinance bank in Financial Reporting for the sixth time.
Financial Reporting (FiRe) Award is an annual award that recognizes and awards the best reporting entities in East Africa. The Award is aimed at promoting integrated reporting through enhancing accountability, transparency and integrity in compliance with appropriate financial reporting framework and other disclosures on governance, social and environmental reporting by private, public and other entities domiciled in East Africa.
Faulu Microfinance bank has continued to be fastest growing microfinance institution in asset base and profitability. According to 2018 audited financial statements, the bank made a profit of Ksh.287Mn, emerging as the most profitable microfinance institution in Kenya.