Caritas Microfinance Bank, a deposit-taking microfinance institution, has been operational since June 2015. Owned by the Catholic Archdiocese of Nairobi, Caritas has steadily expanded its operations, providing various financial products, including savings accounts, current accounts, and loan facilities. The bank’s focus on ethical and community-centered banking makes it a trusted partner for individuals and small […]
Caritas Microfinance Bank is one of Kenya’s licensed deposit-taking microfinance institutions, having operated since June 2015. The bank is owned by the Catholic Archdiocese of Nairobi and has steadily grown its branch network to provide financial services to both individuals and small businesses. With a focus on financial inclusion, Caritas offers products such as savings […]
Kenya’s banking sector plays a pivotal role in driving economic growth, financial inclusion, and business development. To enhance transparency and monitoring, the Central Bank of Kenya (CBK) classifies commercial banks into three tiers based on their performance and market influence: Tier 1, Tier 2, and Tier 3 banks. The classification is determined by a weighted […]
The Central Bank of Kenya (CBK) classifies banks into three tiers based on a variety of metrics, including net assets, capital, reserves, customer deposits, and the number of loans and deposit accounts. Tier 2 banks are categorized as medium-sized banks and command a combined market share of 16.29%, according to the latest 2023 Bank Supervision […]
The Central Bank of Kenya (CBK) categorizes banks into three tiers based on their market size, which is determined by factors such as assets, capital, reserves, customer deposits, and loans. Tier 3 banks represent small banks, which command a combined market share of 8.4% according to the latest 2023 Bank Supervision Annual Report by the […]
In Kenya’s rapidly evolving financial landscape, Umba Microfinance Bank stands out as a key player, offering innovative and accessible financial solutions for individuals and businesses. Formerly known as Daraja Microfinance Bank, Umba acquired the majority shareholding in July 2022. With a focus on providing transparent, low-cost services to underserved markets, Umba has carved a niche […]
Kenya’s microfinance sector plays a critical role in expanding access to financial services for underserved communities, especially in rural areas. With 14 licensed microfinance banks, the Central Bank of Kenya (CBK) has classified these institutions into three categories: large, medium, and small, based on their market share. Market share is determined using a weighted composite […]
Microfinance banks in Kenya have been pivotal in driving financial inclusion by providing essential financial services to low-income individuals, small entrepreneurs, and the unbanked population. These institutions are licensed by the Central Bank of Kenya (CBK) and are designed to bridge the gap for those who cannot access traditional banking services, offering products such as […]
Mpesa Paybill is a revolutionary cash collection service provided by Safaricom, Kenya’s leading telecommunications company. Since its inception, Mpesa has transformed how businesses and individuals transact by offering a fast, secure, and convenient way to make payments. The Paybill service allows businesses to receive payments from customers through a designated Paybill number, making it ideal […]
The Dairy Training Institute (DTI) Naivasha, a renowned institution in Kenya’s dairy industry, has been at the forefront of training skilled personnel since its establishment in 1963. Located along the Nairobi-Nakuru highway, the institute offers a range of diploma and certificate courses geared toward equipping students with practical knowledge and skills in dairy production, processing, […]
