List Of Largest Microfinance Banks In Kenya

Here is a list of the largest microfinance banks in Kenya, classified according to the Central Bank of Kenya’s market share categories as of 2024. The classification is based on a weighted composite index that considers factors such as assets, deposits, capital, and the number of active deposit and loan accounts. A microfinance bank is considered large if it has a market share of 5% or more.

Large Microfinance Banks in Kenya

These banks hold an aggregate market share index of 83.8%.

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

Medium Microfinance Banks in Kenya

These banks have a combined market share of 15%.

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

Small Microfinance Banks in Kenya

These banks hold a market share of less than 1%.

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

These classifications highlight the dominance of a few large players in the microfinance sector in Kenya, with the largest banks commanding a significant portion of the market.