Muungano Microfinance Bank is one of the 14 licensed microfinance banks in Kenya. Established in 2019, it focuses on supporting rural small-scale farmers, particularly in the dairy and tea sectors, through value chain financing. Below are the bank’s products and branch details.
Muungano Microfinance Bank Products
A) Agri-Business Loans (Kilimo Kisasa)
- Muungano Maziwa Boost Loan
- Designed to help farmers maximize milk production.
- Finances:
- Dairy cows
- Zero-grazing units
- Quality animal feeds
- Domestic milk coolers
- Water tanks
- Motorbikes and vehicles
- Muungano Majani Boost Loan
- Helps maximize tea production.
- Finances:
- Labour for tea picking
- Tea pickers’ housing improvements
- Water tanks
- Development loans (bonus-based)
B) Business Loans
- Muungano Boresha Biashara Loan
- Supports day-to-day business operations.
- Finances:
- LPO financing
- Business asset financing
- Working capital loans
- Muungano Mradi Loan
- Focuses on community projects like dairy societies, churches, schools, chamas, and families.
- Finances up to 70% of the project cost.
- Muungano Vijana Boost Loan
- Targets youth for economic empowerment.
- Finances:
- LPO financing
- Working capital loans
C) Personal Loans
- Muungano Jijenge Loan
- For regular earners to finance:
- Household asset acquisition
- House improvement
- Land purchase
- Holidays, medical expenses, and education
- For regular earners to finance:
- Muungano Okoa Loan
- Short-term loan or salary advance for emergencies.
D) Savings Accounts
- Haba Savings Account
- Minimum balance: Ksh 400
- Unlimited withdrawals
- Interest-earning
- Baraka Junior Savings Account
- Designed for kids.
- Features:
- Opening balance: Ksh 400
- Interest-earning
- Quarterly free withdrawal
- Muungano Investment Account
- Targets groups, chamas, and associations.
- Features:
- Deposit and withdrawal at will
- Minimum balance: Ksh 1,000
- Interest-earning
E) High Interest-Earning Accounts
- Jiinue Fixed Deposit Account
- Fixed-term deposit starting from Ksh 5,000
- Attractive interest rates
- Timiza Flexi Savings Account
- High-interest account for specific goals like school fees, maternity, weddings, etc.
- Features:
- Minimum balance: Ksh 1,000
- Allows additional deposits
- Attractive interest rates
- Unsecured loan available against the deposit
F) Current Accounts
- Sasa Transactional Account
- Suitable for business operations.
- Features:
- No minimum balance
- Cheque book issued
- Unlimited deposits and withdrawals
Muungano Microfinance Bank Branches
- Head Office
- Location: Ground Floor, EastEnd Mall, Kangari, Murang’a County
- Contacts:
- Phone: 0706 974 747 / 0706 974 343 / 020-4404173
- Email: [email protected]
- Nairobi Liaison Office
- Location: 7th Floor, Ngara Heights, Musindi Road
- Contacts:
- Phone: 0706 974 747 / 0716 604 453
Muungano Microfinance Bank continues to empower farmers and communities with tailored financial products to improve livelihoods and foster economic growth.
