Microfinance banks are a booming business at the moment. They come in handy especially in this age and time where people need swift financial help. Below is the list of top 10 best microfinance banks in Kenya:
1. Faulu Kenya
This is a deposit- taking institution as well as a loaning one. It has a good number of branches all over Kenya with its head office along Ngong lane off Ngong road, Nairobi. Contact +254 20 3877290. You can find out more about Faulu Kenya on their official portal.
2. Kenya Women Finance Trust (KWFT)
It got licensed by the Central Bank of Kenya to operate as an MFI on March 31st, 2010. It currently has over 231 branches all over Kenya with its headquarters at Akira House, Upper Hill, Nairobi. It is currently one of the oldest banks in Kenya as well as one of the biggest deposit- taking microfinance institutions in Kenya. Contact 0703067700.
3. Uwezo Microfinance Bank Limited
It is located on Park plaza’s ground floor along Moktar Daddah street, Nairobi. It focuses on providing both savings and loaning services mainly to SMEs. They also do offer loans to individuals and farmers. Contact 020 2212919.
4. Century Microfinance Bank Limited
This microfinance has its headquarters located at KK Plaza in Gikomba, Nairobi. It focuses on providing credit to agribusinesses in Kenya. Contact 0722168721.
5. Momentum Credit
This is a fairly new microfinance bank that was established in 2017. It is located at International Life House Nairobi and it came in to meet a growing market need of providing structured working capital solutions to individuals and SMEs. Contact 0796444555.
6. Rafiki Microfinance Bank Limited
This microfinance bank focuses on offering diaspora banking, loan products and savings to its clients. It has its headquarters along Biashara street, Nairobi, Kenya. Contact 0730170500.
7. Musoni Microfinance Institution
Established in 2009, this microfinance bank has grown to be one of the most paperless microfinance institutions in Kenya. It is situated along Ring road Kilimani on Cape Office Park. ‘M’ stands for ‘Mobile’ whereas ‘usoni’ stands for ‘future’ in Swahili language. Contact +254 020 2609355.
8. SMEP Microfinance Bank
It focuses on asset financing, retail banking, group banking, provision of credit to businesses and church banking. Its head office is along Kirichwa road, Nairobi, Kenya. Contact +254 2026733278.
9. Choice Microfinance Bank Limited
This microfinance bank has the option of depositing to it via Mpesa using PayBill. They provide loan and savings options. It helps link Kenyan diaspora investments to local people’s needs for small credit facilities.
10. Sumac Microfinance Bank Limited
It is a deposit- taking and loaning microfinance bank whose headquarters is along Koinange Street, Nairobi, Kenya. Contact +254 202212587.