John Mwara retires from Faulu Microfinance Bank

Faulu Microfinance Bank has announced that its Managing Director, John Mwara will exit the firm after eight years at the helm.

In December 2013, Old Mutual Group acquired a majority stake in Faulu. It said it has been engaging Mr Mwara to maximise and enhance the benefits of the integration between Old Mutual and Faulu Microfinance Bank. “Following a mutual agreement, Mwara has now retired from the bank,” said the Chairman of the Board, Mr Peter Muthoka.