Faulu Bank Donates to New Life Home Trust

Faulu Bank Donates to New Life Home Trust

Faulu Microfinance Bank has reinforced its commitment to community well-being through a new Corporate Social Responsibility (CSR) initiative at New Life Home Trust in Kilimani, Nairobi.

As part of the outreach, the bank donated cleaning materials, hygiene products, food supplies, and KES 100,000 to support the home’s mission of caring for abandoned and vulnerable children.

A Partnership Rooted in Compassion

This marked the first collaboration between Faulu and the Trust. The Nairobi branch of New Life Home Trust currently supports between 40 and 50 children, providing them with medical care, education, and a nurturing environment for growth and development.

The initiative aligns with Faulu’s corporate citizenship philosophy, which focuses on care, empowerment, and inclusion as part of its broader “Growing Together” brand promise.

The bank emphasized that its commitment to community impact extends beyond financial services and seeks to build sustainable, people-centred relationships.

Faulu Bank Donates to New Life Home Trust

Bridging Gaps in Child Welfare

According to data from the Kenya National Bureau of Statistics, over 55 percent of Kenyan children experience multidimensional poverty, facing deprivation in several areas of well-being.

In rural regions, the figure rises above 66 percent, while in urban areas, nearly 28 percent of children are affected.

With social protection systems under pressure and government allocations to child welfare at just 0.7 percent of GDP, partnerships like Faulu’s provide vital support to bridge these gaps and enhance child protection.

Empowering Communities from Within

The CSR initiative also strengthened Faulu’s internal culture by encouraging employee participation in community outreach.

The bank highlighted that its social investment strategy aligns with Kenya’s development priorities and the United Nations Sustainable Development Goals, especially those targeting poverty reduction, quality education, and equality.

Faulu expressed its commitment to continue working with New Life Home Trust to build long-term, sustainable partnerships that uplift children’s welfare across Kenya.

“At Faulu, we view social investment as a central pillar of our inclusive growth strategy,” said Stephen Ngugi, Head of Finance and Strategy at Faulu Microfinance Bank.

“We believe empowering vulnerable communities, especially children, lays the foundation for a stronger and more equitable society. Our partnership with New Life Home Trust reflects our deep commitment to creating lasting impact through compassionate, values-driven action.”

Supporting Growth through Transformation

This community engagement comes at a time when Faulu, backed by its parent company Old Mutual, continues to transform through digitization and expanded small business lending.

Earlier this year, the bank secured KES 900 million in capital funding to enhance its digital infrastructure and improve service delivery for micro, small, and medium enterprises (MSMEs) across Kenya.

Following the restructure, Faulu has increased customer deposits and reduced its losses by more than half in the first half of 2025 compared to the same period in 2024. This demonstrates the tangible benefits of its agile new operating model.