Save towards a
common goal
You can transact and
save for a project with Faulu.

What is a Faulu Chama Account?

The Faulu Chama Account provides you with an opportunity to transact as well as save towards a certain project with your respective groups. This product is suitable for Investment Clubs, Chamas, Community Based Organizations(CBOs) and Welfare Societies.

What's in it for you?

A transactional and savings account that provides ‘chamas’ and investment groups with a convenient savings platform with access to affordable loans facilities. Let us walk with you in your investment & development journey and have access to:

  • Financial management training
  • Project management support
  • Projects financing

How does it work?

  • Minimum of five members to no maximum
  • Minimum operating balance of KES. 2,000
  • Competitive interest rates of up to 5% per annum
  • Access to Chama loans
  • Individual members can access loan facilities
  • Easy access to your money through multiple service outlets across the country

Want to know more about Chama Account?

If you want to know more, we've put together some frequently asked questions for you.

    You can deposit money into your account in any of the following ways:

    Over the counter on any of our branches, inter-account transfers, RTGS Standing instructions and through mobile deposits. Some products may require specific ways to deposit funds into your account.

    You may make withdrawals by visiting any of our branches, using your ATM card at visa points, inter-account transfers and through mobile withdrawals. Some products may limit which mode of making withdrawals best works for your type of business.

    After 90 days of no activity, an account will be considered inactive. After 180 days of account inactivity, the account is considered dormant. You shall be required to request in writing to reactivate your account.

    The current withholding tax will be debited from your account for interests earned on deposits while excise duty will be levied on all transactions done.

    Visit us at any of our 57 outlets and get to enjoy a range of financial solutions that are designed to help you effectively manage your finances and grow your wealth.