FEP Meru, Meru microfinance, Fountain Credit Services

MERU FEP OFFICE MOVES TO A BANKING HALL

The fountain Enterprises Programme Meru branch is in the process of moving from the smaller offices at Murerwa to a bigger premises with a huge banking hall.
The hall is opposite Barclays Bank, next to Bima Insurance on one side and the old teachers House. On the other. This is an indication of growth with the banking hall being the first one for FEP. According to a one of the pioneer member of FEP Mrs. Margret Mburugu, the site of the new premises places FEP in a vantage position to compete with the so called financial giants and ”though they have been around for decades, we shall beat them,” asserts confident Mrs. Mburugu.
For sometimes the main activity going on in the office was the Sacco activities but now the Fountain Credit Services will be an addition. The FCSL is a step towards a fully fledged Fountain Bank in line with FEPS vision 2015.
FEP was first introduced to Meru around April 2008 by Mercy Gatwiri. She had introduced the FEP Sacco idea which she referred to us as an advanced and refined kind of a merry-go-round. Mrs Mburugu, who was later to become the first investor in FEP, admits that the idea did not impress her. “The idea was introduced by an insurance agent and I did not have a soft sport for insurance people.” While she was a teacher, Mrs. Mburugu who by now was running a shop in Meru, had had an awful experience with insurance people who had wooed them into joining some scheme that promised manner but ended placing manure on the table.
As the saying goes persistence breaks resistance, Mercy’s insistence soon weakened Mrs. Mburugu. She and others grouped together and had their first formal meeting in Kamundi Hall in Meru Safari Hotel around May 2008. A group was formed and Meru FEP was born.
The group used to meet in hotels where they would be allowed to use the premises provided they paid for meals. As the group grew they hired a one room office at Murerwa before moving to the office they are now vacating.
Meru has about seventy three (73) investors and over 212 active sacco members drawn from Meru Chuka and Maua.
The new banking hall is in a secure spot that is also easily accessible.

FEP Group of Compnies - Vision and Mision

Our Vision
To be the preferred provider of financial and non-financial services to entrepreneurs in Africa and beyond.

Our Mission
To empower members through the pooling of resources in a Holistic, Innovative and Sustainable way.

 

FEP Group documentary on You tube now!

 Watch our documentary now on You Tube! This features the KBC interview on road to success and also an elaborate video about FEP, the companies, offices and the people

Fountain Credit Services - (FEP Microfinance) rolls out

The week starting on 7^th March was a great one for FEP. Early in the morning the new Fountain Credit services limited operations manager Madam Miriam reported on duty. All eyes and ears were on her. Her coming meant pushing the horizons backwards and the staff looking forward to getting more knowledge in the field of credits. They were also happy that FEP was on the move. Of course no one wants to be in a place that does not move and create news. Miriam’s presence at Our Kilimani Office was also a reminder that she stood for over 14 micro- credit offices spread in FEP’s seven offices.

As if that was not good enough,  at exactly 15.25 hours, report reached the office  that the newly acquired FEP vehicles were in the parking area and the staff could view them and comment. The three vehicles are ever company vehicles. They will be used mainly for the expansion of Fountain Micro- Credit Services Limited (FSCL) but will also be in handy for other operations within FEP.

The staff moved around the vehicles and making sure everything was right. Njenga, our office assistant and an experienced driver,  was even concerned about the colour shade. 

Mr. Eric  the Accounts Manager took the first step to start the engine of one vehicles. He was exercising his driving skills. Then Miriam took the drivers seat and actually drove out of the gate accompanied by our Sacco Manager Madam Perpetual. ‘The vehicle is so comfortable.  I could have driven far but for fear that it may not have enough fuel,” commented elated Miriam after driving the vehicle back to the yard. Even the Fountain Tours and Travel CEO Madam Regina could not hide her excitement though her company manages other vehicles.  

Now the vehicles awaits  branding before they start  criss-crosing out highways.

FEP also expects a fourth vehicle a four-wheel Townace that is handy enough to operate in our Kenyan terrain elsewhere. With the vehicles, operations will be smoothened and efficient. 

More details on our website.