The plan will see the bank open eight new branches in Ugunja, Kapenguria, Homabay, Kericho, Busia, Voi, Bondo and Limuru.
The micro-lender says it will upgrade its marketing offices into sales and service centers in Taveta, Emali, Iten and Kimilili to enable it offer a wide range of products and services to clients.
Faulu reckons the expansion, which comes at a time when other lenders are moving away from brick-and-mortar branches to focus on digital strategies, will help it build stronger links with Kenya’s local communities while it deepens its relationship with counties and the national government.
“Such partnerships facilitate scalable business models while leveraging economies of scale in our operations.” said managing director Apollo Njoroge.
The SME-focused bank will also refurbish its 15 branches across the country.
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