List Of Largest Microfinance Banks In Kenya

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 2024, there are 5  large microfinance banks with an aggregate market index of 83.8 per cent, 6 medium microfinance banks with a combined market share of 15 per cent and 3 small microfinance banks.

Large Microfinance Banks In Kenya

Bank Market Size Index 
1 Faulu Microfinance Bank 31.2 %
2 Kenya Women Microfinance Bank 29.1 %
3 SMEP Microfinance Bank 8.8 %
4 Rafiki Microfinance Bank 8.2 %
5 Caritas Microfinance Bank 8.2 %

Medium Microfinance Banks In Kenya

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

Small Microfinance Banks In Kenya

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

Check Out:

I help you to save time and live more with the most up-to-date lists, guides, reviews, and advice.