Business

Faulu Microfinance Bank shifts lending focus to traders and small businesses

According to Capital FM, Faulu Microfinance Bank is changing its lending strategy to target traders and small businesses.

Busy street market with vendors selling bananas and produce under umbrellas
Illustrative image, not from this event. RoDobby / Pixabay (Pixabay License (free commercial)) · Source

Faulu Microfinance Bank is shifting its lending strategy towards traders and small businesses, according to Capital FM.

The bank is moving away from its traditional focus on retail banking and loans backed by collateral, the publisher reported.

The strategic change was announced on 30 October, Capital FM stated.

Source: Capital FM · Business

Sources

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