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  • Central Bank licenses Kenya’s 13th nationwide MF bank

    The Central Bank of Kenya has licensed Maisha Microfinance Bank Ltd as the thirteenth micro-finance institution in the country. In a recent press release, the regulator affirmed that it had granted a licence to Maisha Microfinance Bank Ltd, to be referred to as Maisha MFB which was duly licensed to carry out nationwide microfinance banking […]

  • Financial institutions now flourish across Kenya

    In the wake of the Microfinance Act, introduced in parliament during 2006 prior to its enactment in 2008, micro-lending services have spurred notable growth, more so, in the small-scale enterprises sector. Soon after the Donde Bill initiated debate on the microfinance regulations, the industry’s key players engaged in deliberations with the government. The principal purpose […]

  • Investment clubs: a source of wealth creation

    Investment groups and clubs, commonly known in colloquial parlance as chamas are now a popular source of generating wealth. Their basic objective is to set up self-help groups that comprise members who pool resources to form entities bound by a social and commercial agenda. Over the past decades, chamas have been transformed into a wealth […]

  • Redefining Chama’s role in economic reforms

    Individuals at any level of income can create wealth by saving and investing together as a group. There is a special dynamic within the structure – a combination of peer pressure, strength, confidence, and shared responsibility as an aggregator of capital and creator of wealth. Looking back at independence, Kenya was seen to be at […]

  • Maisha Microfinance Bank

    Name of the organization: Maisha Microfinance Bank Type of organization : Microfinance Bank Legal Status : Licensed by Central Bank of Kenya Chief Executive Officer: Ireneus A. Gichana Contact information Contact person: Michael N. Mureithi Physical address: 2nd Floor Chester House, Koinange Street Nairobi Postal address: P.O. Box 49316 00100 G.P.O Nairobi Telephone: 020 222 […]