This archive report was first published on 21 May 2020.
George Maina, a respected business consultant, has resigned as a non-executive director of NCBA Group, a move that follows his appointment as the new Chairman of the Board of Faulu Microfinance Bank Limited, a subsidiary of The UAP Old Mutual Group in East Africa.
Mr. Maina's tenure at NCBA began in June 2002, when he joined the then National Industrial Credit (NIC) Bank as an independent non-executive director. Over the years, he has served in various capacities on the board and its committees, bringing valuable insights, independence, leadership, and strong governance principles to the table.
“His significant support and contribution in enhancing shareholder value and championing the sustainable growth of the company in its transformation from NIC to now NCBA have been invaluable,” said Livingstone Murage, NCBA Group Company Secretary.
As a seasoned professional, Mr. Maina has also served as the Director and a Board Member of Faulu Microfinance Bank since 2003, and has held positions at AIB Capital (since 2005) and ICEA Lion Life (since 2007). He holds a Bachelor of Technology from Loughborough University in the UK.
Under his leadership, Faulu Microfinance Bank will continue to offer a range of financial services, including banking, investment, savings, and insurance, with a focus on community, retail, MSME, institutional banking segments, and bancassurance.
Founded in 1991 by Food for the Hungry International (FHI), a Christian relief organization, Faulu Microfinance Bank has grown to become one of the top microfinance banks in Kenya, with a platform aimed at banking the previously unbanked through various savings, credit, micro-insurance, and mobile banking solutions.
As reported by Kenyan Wall Street, Faulu and KWFT banks control an impressive 82% of the microfinance market share in Kenya.
