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 2023, there are 4 large microfinance banks with an aggregate market share of 81.9 per cent, 7 medium microfinance banks with a combined market share of 16.4 per cent and 3 small microfinance banks.
Large Microfinance Banks In Kenya
| Bank | Market Share | |
|---|---|---|
| 1. | Kenya Women Microfinance Bank | 36.2% |
| 2. | Faulu Microfinance Bank | 34.4% |
| 3. | Rafiki Microfinance Bank | 6.2% |
| 4. | Caritas Microfinance Bank | 5.1% |
Medium Microfinance Banks In Kenya
| Bank | Market Share | |
|---|---|---|
| 1. | SMEP Microfinance Bank | 4.6% |
| 2. | Sumac Microfinance Bank | 4.2% |
| 3. | U & I Microfinance Bank | 2.1% |
| 4. | Branch Microfinance Bank | 1.5% |
| 5. | Maisha Microfinance Bank | 1.4% |
| 6. | Salaam Microfinance Bank | 1.4% |
| 7. | LOLC Microfinance Bank | 1.2% |
Small Microfinance Banks In Kenya
| Bank | Market Share | |
|---|---|---|
| 1. | Muungano Microfinance Bank | 0.8% |
| 2. | Choice Microfinance Bank | 0.5% |
| 3. | Daraja Microfinance Bank | 0.4% |
Check Out:
