Mike Report

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DECLARATION
I declare that this attachment report is my original work and has not been presented or submitted for degree award in any other university/college. Sign…………………………………………….
Date…………………………………………….
MICHAEL W. MURIUKI
Approval
This attachment report has been submitted for examination with the approval of the following supervisor: Sign……………………………………………………………. Date………………………………………………………………

ACKNOWLEDGEMENT
First and foremost I thank Almighty God for guiding me all through this period of my Industrial Attachment. I would like to express my honest gratitude to the management of Faulu Kenya Limited for offering me this rare opportunity to carry out my attachment program at their company. My kind regards and gratitude goes to head risk- Mr. Raphael Lekolool, Mr. Peter Onsongo-credit manager, my supervisor Mrs. Clementine Mutie- in charge of consumer lending section, Pauline Mwai in charge of Credit documentation and Keziah Waceke in charge of appraisals, for their dedication and support they gave me throughout the attachment period My deep appreciation goes to Mum, my co-workmates at Faulu Kenya for continually supporting me during the attachment period. May God bless you all abundantly.

ABSTRACT
The purpose of this report is to produce a detailed version of what I did and learnt during my internship period at Faulu Kenya Limited. The report primarily focuses on the events and all tasks handled at the company, working environment, successes and limitations that I did encounter when handling various activities assigned to me by the supervisor and senior managers During my internship period, I encountered various limitations and achievement; it would be of the essence to give the recommendations. By adopting this report, I therefore give a number of recommendations on the attachment program.

TABLE OF CONTENT

CHAPTER ONE
INTRODUCTION
BACKGROUND INFORMATION
Faulu Kenya is a deposit taking microfinance (DTM) institution. It started as a pilot micro-lending program of Food for the Hungry International, an international NGO engaged in relief and development in 1992.Faulu Kenya is founded on Christian principles and Biblical values and is in the business of transforming lives. In 1999, Faulu was incorporated as a private company with limited liability under the Companies Act. In 2004 the company converted to a public limited company and issued a Kshs.500 million corporate bond in 2005. The shareholding of Faulu Kenya is as follows: * 70%: FHI

* 30%: Faulu Kenya Trust (“FKT”)
Faulu is part of the Faulu Africa Network, a regional micro finance network, established by FHI and active in Kenya, Uganda (since 1995) and Tanzania (since 2002). Faulu is an active member of the Association of Microfinance Institutions (AMFI) an umbrella organization representing MFIs in Kenya with the Faulu MD, as the current AMFI secretary. * Who do we serve: salaried customers (corporate, civil servants and tsc staff), individual SME clients, Individual and corporate savers

Delivery Channels

Vision: Giving Kenyans hope and a future’
Mission Statement: To listen and empower Kenyans by providing relevant financial solutions Core Values: The Lordship of Jesus Christ (Teamwork, Love, Caring, Compassion, Commitment), listening, learning, excellence (professionalism), integrity (accountability, transparency, fairness, honesty, truthfulness) Growth

* Started in Mathare Slums, now Faulu is housed over 80 outlets * Currently estimated at 300,000 clients

The organizational chart for Faulu Kenya Limited.

Head of Marketing &Research
MD (managing director)
Head of Retail Banking
Head of HR & Company Services
Head of Finance
Head of Commercial Services
Head of Credit Risk

Head of Internal Audit

ICT dept.

Auditors
Branches

Clients
Finance Dept.
Credit Manager
HR Dept.
Legal Dept.
Finance Manager
Team Leaders

COMPANY PRODUCTS AND TARGET MARKETS
COMPANY PRODUCTS
Products...
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