Since the mid-90s, microfinance institutions, as well as their regulations, have undergone significant developments. In 2006, legislation with the Microfinance Act was passed, which was to become active later on in 2008. This legislation was critical to the industry, and by 2010, 24 microfinance institutions had already been established, with the number of active borrowers going way over 1.5 million. The institutions have been instrumental to small and medium enterprises in the country, helping many entrepreneurial Kenyans start and develop their own businesses. List of Microfinance Institutions in Kenya That Give Small Loans
Here is a list of Microfinance institutions in Kenya that give small loans. Microfinance is a financial service that offers small loans to individuals and entrepreneurs who don’t have access to conventional banking and other affiliated services.
Microfinance institutions in Kenya are licensed by the CBK (Central Bank of Kenya) and regulated under the Microfinance Act (2006).
In section 3 of the Microfinance Act, we have 2 types of Microfinance institutions:
Faulu Kenya Headquarters, Off Ngong Road, City square
P.O Box 60240-00200 Nairobi
Hot Line : +254 711 074 000 or +254 711 074 074
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