This is a list of the largest microfinance banks in Kenya. There are 14 licensed microfinance banks in Kenya. The Central Bank Of Kenya has classified microfinance institutions in Kenya into three categories; large, medium, and small. This classification of the market share is based on a weighted composite index comprising assets, deposits, capital, number of active deposit accounts and active loan accounts.
According to CBK, a microfinance bank is classified as large if it has a market share of 5 percent and above; medium if it has a market share of between 1 percent and 5 percent and small if its market share is less than 1 percent.
As of 2025, there are seven large microfinance banks with an aggregate market share of 86.2 percent, five medium microfinance banks accounting for 14.7 percent and two small microfinance banks with a total market share of negative 0.9 percent.
Large Microfinance Banks In Kenya
| Bank | Market Size Index | Total Assets (Ksh Million) |
| Faulu MFB | 35.7 % | 20,121 |
| Kenya Women MFB | 12.1 % | 14,904 |
| Caritas MFB | 10.1 % | 4,907 |
| SMEP MFB | 8.1 % | 3,523 |
| Rafiki MFB | 7.8 % | 4,341 |
| Salaam MFB | 7.1 % | 1,843 |
| Sumac MFB | 5.3 % | 2,890 |
Medium Microfinance Banks In Kenya
| Bank | Market Size Index | Total Assets (Ksh Million) |
| Branch MFB | 3.4 % | 837 |
| U & 1 MFB | 4.2 % | 1,670 |
| LOLC MFB | 2.7 % | 1,128 |
| Muungano MFB | 2.6 % | 611 |
| Choice MFB | 1.7 % | 623 |
Small Microfinance Banks In Kenya
| Bank | Market Size Index | Total Assets (Ksh Million) |
| Umba MFB | (0.3) % | 206 |
| On It MFB | (0.6) % | 290 |
| Bank | Market Size Index | Total Assets (Ksh Million) | |
| 1. | Faulu MFB | 35.7 | 20,121 |
| 2. | Kenya Women MFB | 12.1 | 14,904 |
| 3. | Caritas MFB | 10.1 | 4,907 |
| 4. | SMEP MFB | 8.1 | 3,523 |
| 5. | Rafiki MFB | 7.8 | 4,341 |
| 6. | Salaam MFB | 7.1 | 1,843 |
| 7. | Sumac MFB | 5.3 | 2,890 |
| 8. | Branch MFB | 3.4 | 837 |
| 9. | U & 1 MFB | 4.2 | 1,670 |
| 10. | LOLC MFB | 2.7 | 1,128 |
| 11. | Muungano MFB | 2.6 | 611 |
| 12. | Choice MFB | 1.7 | 623 |
| 13. | Umba MFB | (0.3) | 206 |
| 14. | On It MFB | (0.6) | 290 |
*The data is from CBK’s 2024 Supervision Annual Report.
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