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.
- Faulu Microfinance Bank:
Market Share: 31.2% - Kenya Women Microfinance Bank:
Market Share: 29.1% - SMEP Microfinance Bank:
Market Share: 8.8% - Rafiki Microfinance Bank:
Market Share: 8.2% - 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%.
- Sumac Microfinance Bank:
Market Share: 4.3% - Branch Microfinance Bank:
Market Share: 2.8% - U & I Microfinance Bank:
Market Share: 2.6% - LOLC Microfinance Bank:
Market Share: 1.9% - Muungano Microfinance Bank:
Market Share: 1.8% - Salaam Microfinance Bank:
Market Share: 1.6%
Small Microfinance Banks:
These banks hold a market share below 1%.
- Muungano Microfinance Bank:
Market Share: 0.7% - Choice Microfinance Bank:
Market Share: 0.4% - 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.
