Connect with us

Hi, what are you looking for?

Finance

List Of Largest Microfinance Banks In Kenya

Faulu Microfinance Bank Limited
Faulu Microfinance Bank Limited

Explore the largest microfinance banks in Kenya for 2024, classified by the Central Bank of Kenya based on market share. Discover which banks lead the sector.

Largest Microfinance Banks in Kenya (2024):

Large Microfinance Banks:
These banks hold a market share of 5% and above, collectively dominating 83.8% of the market.

  1. Faulu Microfinance Bank:
    Market Share: 31.2%
  2. Kenya Women Microfinance Bank:
    Market Share: 29.1%
  3. SMEP Microfinance Bank:
    Market Share: 8.8%
  4. Rafiki Microfinance Bank:
    Market Share: 8.2%
  5. Caritas Microfinance Bank:
    Market Share: 8.2%

Medium Microfinance Banks:
These banks hold a market share between 1% and 5%, with a combined market share of 15%.

  1. Sumac Microfinance Bank:
    Market Share: 4.3%
  2. Branch Microfinance Bank:
    Market Share: 2.8%
  3. U & I Microfinance Bank:
    Market Share: 2.6%
  4. LOLC Microfinance Bank:
    Market Share: 1.9%
  5. Muungano Microfinance Bank:
    Market Share: 1.8%
  6. Salaam Microfinance Bank:
    Market Share: 1.6%

Small Microfinance Banks:
These banks hold a market share below 1%.

  1. Muungano Microfinance Bank:
    Market Share: 0.7%
  2. Choice Microfinance Bank:
    Market Share: 0.4%
  3. Umba Microfinance Bank:
    Market Share: 0.1%

This classification highlights the major players in the microfinance sector, offering insights into the market’s dynamics in Kenya.

You May Also Like

How To

Visa requirements for Kenyan passport holders differ based on the destination country. While some countries offer visa-free entry, others may provide a visa-on-arrival or...

Business

Installment tax is an estimated income tax that taxpayers pay periodically to the Kenya Revenue Authority (KRA) in anticipation of the final tax liability...

Travel

Tom Johnson stands out as an exceptional software engineer and the creative force behind a groundbreaking travel industry innovation. With extensive experience at some...

Uncategorized

The U.S. Department of State will open online registrations for the Fiscal Year 2026 Diversity Visa (DV) Lottery starting on Wednesday, October 2, 2024,...