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%.
- Faulu Microfinance Bank
- Market Size Index: 31.2%
- Kenya Women Microfinance Bank
- Market Size Index: 29.1%
- SMEP Microfinance Bank
- Market Size Index: 8.8%
- Rafiki Microfinance Bank
- Market Size Index: 8.2%
- Caritas Microfinance Bank
- Market Size Index: 8.2%
Medium Microfinance Banks in Kenya
These banks have a combined market share of 15%.
- Sumac Microfinance Bank
- Market Share: 4.3%
- Branch Microfinance Bank
- Market Share: 2.8%
- U & I Microfinance Bank
- Market Share: 2.6%
- LOLC Microfinance Bank
- Market Share: 1.9%
- Muungano Microfinance Bank
- Market Share: 1.8%
- Salaam Microfinance Bank
- Market Share: 1.6%
Small Microfinance Banks in Kenya
These banks hold a market share of less than 1%.
- Muungano Microfinance Bank
- Market Share: 0.7%
- Choice Microfinance Bank
- Market Share: 0.4%
- 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.