Salaam Microfinance Bank, formerly Uwezo Microfinance Bank, is a licensed and Sharia-compliant microfinance bank in Kenya. It operates as a medium-tier microfinance bank with a market share of 1.4% according to the Central Bank of Kenya (CBK). The bank’s head office is located at Park Plaza, opposite Jeevanjee Gardens along Moktar Daddah Street in Nairobi. Below are the products and branch locations offered by Salaam Microfinance Bank.
Salaam Microfinance Bank Products
a) Financing Products
- Personal Finance Salaam – Tailored personal financing solutions.
- Auto Financing – Purchase or leasing of vehicles under Sharia-compliant terms.
- Invoice/LPO Discounting – Access to financing against invoices or local purchase orders.
- Trade Finance – Facilitating import/export transactions and other trade activities.
- Group Investment Facility – Financial support for group investments.
- Working Capital Finance – Short-term financing for business operations.
b) Saving Products
- Current Account – A flexible account for daily transactions.
- Saving Account – Secure savings options with attractive returns.
- Term Deposit Account – High-yield deposit accounts with fixed terms.
- Group Saving Account – Specially designed for group savings.
c) Takaful Premium Financing
- This product allows customers to pay their insurance premiums in installments rather than a lump sum. The bank pays the full premium directly to the insurer, and the customer repays the amount in flexible monthly installments, enjoying full insurance coverage.
List of Salaam Microfinance Bank Branches
1. Salaam Microfinance Bank Head Office
- Location: Park Plaza, Opposite Jeevanjee Gardens, Moktar Daddah Street, Nairobi
- Phone: +254718373737, 0710 544 444, 0717 233 333
- Email: [email protected]
2. Park Plaza Branch
- Location: Park Plaza, Opposite Jeevanjee Gardens, Moktar Daddah Street, Nairobi
- Phone: 0703 591 302
3. Eastleigh Branch
- Location: 1st Avenue Eastleigh, Nairobi
- Phone: 0703 591 302
4. Kimathi Branch
- Location: Biashara Street, Nairobi
- Phone: 0703 591 302
For more details or inquiries, you can contact the Salaam Microfinance Bank through their main customer care line at [email protected] or visit any of their branches.
