Fulusi Capital Limited is a non-deposit taking microfinance institution that was started in the year 2020 with the sole objective of deepening financial inclusion in the rural areas with special emphasis on micro-enterprises run by women.
Seventy percent of the world’s poor are women. Traditionally women have been disadvantaged in accessing credit and other financial services.
Commercial banks often focus on men and formal businesses neglecting women who make up a large and growing segment of the informal economy. It is for this reason that Fulusi Capital Ltd was born, to reduce the gap in Gender disparities. This is in line with MDG3: PROMOTE GENDER EQUALITY AND EMPOWER WOMEN.
Fulusi capital call to lending was more of passion in order to transform lives of women and communities in the rural areas. We saw a problem in the society that we thought we could provide a solution to. Poverty levels in the rural areas can be reduced or eliminated if women are empowered.
So as Fulusi Capital we have products that are tailored towards women enterprises, products whose weekly loan repayment are affordable to our customers. The products are almost interest free.
The profits the women entrepreneurs make from their businesses are channeled to great causes; they use it to pay school fees for their children, feed their families and pay for healthcare.