Faulu Kenya is a deposit-taking microfinance company registered in Kenya under the Microfinance Act. Faulu began operations in 1992 as a pilot micro-lending program of Food for the Hungry International, a US nonprofit organization. It also received support from USAID, DFID and the European Union. In 1994, it was registered as a limited liability company and in April 2005, it sold five-year bonds worth 500 million shillings ($6.4 million). The securities are traded on the Nairobi Stock Exchange. In 2009, it became the first MFI in Kenya to be granted a license by the central bank to accept deposits. Using these deposits, it plans to increase its outreach to 1 million customers by 2011. It offers primarily credit and savings services to its clients.