Faulu Kenya's Faida Fixed Deposit account holders will be earning high interest from 13% over a period of time. The product that targets individuals, chamas, companies and churches has a fixed minimum deposit value of Kshs 5,000.

The beauty of this product is that you get to negotiate the interest rate for deposits exceeding Ksh. 1,000,000. Faulu Kenya's  high yielding savings accounts give their clients a chance to acquire automatic loans of up to 80% on their balances within 12 hours of account existence.

The rates almost matches I&M Banks rate of 16% on fixed deposits of Kshs 50,000 to Kshs 1,000,000 for a period of 6 months to 1 year which translates to a rate of 10.75% for deposits for period exceeding  2 years. For deposits above 1M and up to 5M, I&M gives interest on rates of 17% and 11% for periods of 6 months up to 1 year and over 2 years respectively.

Equity Banks' rates are 1% for deposits below Kshs 50,000 per year and 5% per annum for deposits of Kshs 1M to 5M.

The Deposit Taking Micro-Finance Company, registered in Kenya under the Micro-Finance Act was founded as a programme of Food for the Hungry International (FHI), a Christian relief and development organization based in Phoenix Arizona in USA and has grown to become an MFI that offers both savings and credit services to millions of Kenyans.

Faulu also has exciting personalized loan facilities for individuals. These include Mkopo Elimu, an educational loan to meet education and training needs for an individual or family members. This loan comes in flexible amounts with convenient repayment periods. The cheque is written in the school, college or university's name so there is no fear of re-direction of the funds.

Pesa Chap Chap is an SMS based loan to meet the daily emergencies with a ten day repayment period. So when you are stuck or caught out in a situation, this would be an ideal deal for you as it needs no guarantor to get the loan.