Licensed microfinance banks in Kenya are institutions licensed by the Central Bank of Kenya to provide financial services to low-income clients. Some of the services and products these institutions offer are loans, savings, insurance, money transfers, and remittances. Microfinance banks have expanded access to financial services in Kenya because they target the unemployed and small entrepreneurs in society who lack access to traditional banking services. As at the publish date, there are 13 licensed microfinance banks in Kenya.
List of Licensed Microfinance Banks in Kenya
|
Microfinance |
Date Licensed |
|
|
1 |
Caritas Microfinance Bank Limited |
02.06.2015 |
|
2 |
Century Microfinance Bank Limited |
17.09.2012 |
|
3 |
Choice Microfinance Bank Limited |
13.05.2015 |
|
4 |
Daraja Microfinance Bank Limited |
12.01.2015 |
|
5 |
Faulu Microfinance Bank Limited |
21.05.2009 |
|
6 |
Kenya Women Microfinance Bank Limited |
31.03.2010 |
|
7 |
Rafiki Microfinance Bank Limited |
14.06.2011 |
|
8 |
Key Microfinance Bank Limited |
31.12.2010 |
|
9 |
SMEP Microfinance Bank Limited |
14.12.2010 |
|
10 |
Sumac Microfinance Bank Limited |
29.10.2012 |
|
11 |
U & I Microfinance Bank Limited |
08.04.2013 |
|
12 |
Uwezo Microfinance Bank Limited |
08.11.2010 |
|
13 |
Maisha Microfinance Bank Ltd |
21.05.2016 |
| 14 | Muungano Microfinance Bank PLC |