Earn passive income by opening a Faulu Kenya savings account. Then simply deposit into Faulu Account using M-pesa. Faulu Kenya is a deposit taking micro-finance institution that provides capital to businesses and investment groups commonly referred to as “chamas“.
Members can deposit into Faulu account using M-pesa from the convenience of their homes and offices. You can get good returns by continually adding cash into your Faulu account . The more you deposit, the higher the returns.
The first step to make money with Faulu Kenya is to open a Faulu Faida Fixed Deposit Account. This is accessible at all Faulu Kenya branches, agents, ATM’s and through mobile banking.
Secure your future by putting your savings in a Faulu Kenya savings account. There is an account for everyone: from the Faulu Boda Boda Account to Faulu Business Account and School Collection Account. The Kenyan bank also has Biashara Premier Account, the popular Faulu Chama Account and many more.
Faulu Kenya is one of the best investment banks in Kenya. The Faulu Investment Account targets insurance brokers, stock brokers, micro-finance institutions and small banks, Sacco and investment banks. The following is the procedure to deposit into Faulu Account using M-pesa and enjoy high returns from your savings.
How to Deposit into Faulu Account using M-pesa
- Go to M-PESA Menu on your phone
- Select Pay Bill
- Faulu Kenya Business Number is 328585
- Enter your 11-digit Faulu account number
- The amount to deposit should be between Kshs 100 to Kshs 35,000
- Enter your MPESA PIN number
- Confirm that you have entered the correct detail, then press OK to send.
- Wait for the M-PESA transaction confirmation SMS
Earn From Your Savings with Faulu Kenya
In addition to the ability to deposit into Faulu Account using M-pesa, you can withdraw your money from the account into M-PESA at any moment. It is easy to open a Faulu Kenya account, and the MFI is registered by the Central Bank of Kenya. Get faulu kenya contacts and find out how much you can earn by send an SMS with the word FAIDA to 0708 000 111.
Access business capital through Faulu Kenya loans and earn higher returns by opening a Faulu account. Faulu Chama account, for example, has returns of up to 5% p.a and no monthly ledger fees and no account maintenance fees. You get access to Chama loans that can be up to 10 times the total savings of your Chama (maximum Faulu Chama loan is Ksh 300 million).