List of Micro-Finance Institutions in Kenya

In this article, we list Microfinance Institutions in Kenya, let us know if there is any that we’ve left out in the comments section.

Currently, the most significant population of Kenyans is unbanked, and if banked, their saving is minimal. This means that they do not qualify for big loans in mainstream or Tier 1 banks.

This is where Microfinance Institutions in Kenya comes in. There is a constant need for finances, while the streams of income are few. As such, most people result in borrowing and acquiring small loans from MFIs in Kenya.

This is why we have prepared you a list of microfinance institutions in Kenya that can boost you in the time of need.

Microfinance institutions in Kenya offer small loans, or micro-loans, to people unable to access conventional loan services. Microfinance institutions in Kenya vary in size and function with some organizations focusing entirely on microfinancing.

Read Also: Best Saccos and banks in Kenya

Other microfinance institutions work as extensions of large investment banks. The world over, people living in under-developed areas such as Latin America, Asia, and countries within the Sub-Saharan region can access needed financial resources through the services provided by microfinance institutions in Kenya.


Best Microfinance Institutions in Kenya

Some Microfinance Institutions in Kenya double-up as Deposit-Taking Institutions. The benefits of using mobile money such as M-Pesa when taking deposits include reduced costs, increased convenience, and lower risk of fraud. Here is the list of microfinance institutions in Kenya

1. Choice Microfinance Bank Limited

This is one of the most prominent community-based Microfinance Institutions in Kenya. The MFI has its headquarters in Rongai within Kajiado County.

Like with Faulu, you can deposit into Choice Microfinance Bank using M-Pesa Pay Bill. Their products and services include loans and savings accounts such as Faidikeni Fixed Deposit Account and Asset Mali Account.

Choice MFI started as a diaspora story that has evolved to become a local story as well.

It is a link of Kenyan Diaspora Investments to the local people’s need for small credit facilities to improve their livelihood and break the poverty cycles.

Microfinance Institutions in Kenya are famous due to their flexible loan repayment periods. Choice Microfinance Bank loans can be repaid within 3, 6, 9, and even 12 months.

Choice Microfinance Contacts:

Physical Address: Siron Place, Magadi Road, Ongata Rongai

  • P. O. Box 18263 – 00100
  • Nairobi, Kenya
  • Tel: +254 20 3882 206
  • Tel: +254 20 3882 207
  • Email:

2. Faulu Kenya

This MFI also doubles up as a deposit-taking institution that lends loans in Kenya. It is one of the leading microloan lenders in Kenya with several branched scattered across the country. With Faulu, Kenyans can deposit using M-Pesa.

Faulu has an extensive network within Kenya and is well represented in every county from their headquarters in Nairobi to the far-away Isiolo County. You can use mobile banking, ATMs, and Faulu Agents to transact on Faulu Kenya.

Like most Microfinance Institutions in Kenya, Faulu loans are flexible, accessible, processed within 12 hours, and have affordable interest rates.

Faulu Contacts:

  • Head Quarters: Ngong Lane, Off Ngong Road
  • P O Box 60240 00200 City Square, Nairobi
  • Tel: +254 20 3877290 /3 /7; 3872183/4; 3867503
  • Fax: +254 3867504; 3874857
  • Email:

3. SMEP Microfinance Bank

This MFI focuses on retail banking, group banking, asset financing, provision of credit to businesses, and church banking.

The National Council of Churches of Kenya (NCCK) is the largest SMEP shareholder, in addition to over 10,000 other shareholders. SMEP is among the microfinance institutions in Kenya that offer small loans, with Group loans as low as Ksh 5,000.

To get a SMEP Group loan, create or join a registered self-help group of fifteen or more members.

SMEP Contacts:

  • SMEP HEAD OFFICE: Kirichwa Road
  • P.O.BOX 64063-00620 NAIROBI, Kenya.
  • E-mail:
  • Telephone: +254 20 2673327-8

4. KWFT: Kenya Women Microfinance Bank

This is one of the oldest and one of the most popular microfinance institutions in the country. It is also one of the biggest Deposit Taking Microfinance Institutions in Kenya and was licensed to operate as an MFI by the CBK on 31st March 2010.

KWFT has branches all over Kenya. The MFI has both savings and loan accounts that are open to all women and girls in Kenya.

KWFT has over 600,000 clients and over 231 branches in all counties in Kenya. As its name suggests, KWFT has a mission to empower women–and in the process, enrich the lives of entire families, communities, and the nation at large. Loan installments can be deposited to the bank using M-Pesa.

KWFT Contacts:

  • KWFT HEADQUARTERS: Akira house, Upper Hill Nairobi
  • P.O. Box 4179 -00506
  • Nairobi
  • Customer care number: 0703 067 700
  • Email:

5. Musoni Microfinance Institution

This is one of the youngest Microfinance Institutions in Kenya, having been registered in 2009. Mobile banking is at the core of Musoni–“M” stands for Mobile and Usoni is Swahili for “future”. Musoni has no hidden fees and does NOT charge registration fees.

It is, perhaps, the most “paper-less” of all Microfinance Institutions in Kenya. All Musoni funds are sent and received through mobile money.

Musoni loans are accessible and easy to apply for–loans are processed and available in your account within 72 hours. This MFI has many branches where you can chat with their staff, but all money transactions are done through mobile.

Musoni contacts:

  • Headquarters: Cape Office Park, Ring Road Kilimani
  • P.O. Box 25351 – 00100
  • Nairobi, Kenya
  • Tel: +254-020-2609355 / 2166007
  • Email:

6. Uwezo Microfinance Bank Ltd

Uwezo provides both savings and loan facilities. It facilitates wealth creation and better living for individuals, groups, and Small and Medium Enterprises (SMEs) in Kenya. This MFI offers short-term loans that are affordable and flexible.

Their farmer loans are perfect for those who are into smart farming in Kenya, cattle rearing, tomato farming, and other farming ventures.

Uwezo MFI Contacts:

  • Park Plaza Branch: Park Plaza, Ground floor, Moktar Daddah street.
  • Telephone: +254 20 221 2919
  • Mobile: 0752600619
  • Email:

7. Rafiki Microfinance Bank Ltd

This is one of the MFIs in Kenya that offer diaspora banking, savings, and loan products. Get affordable asset finance, loans for Chamas, and Saccos. Farmers can open a Kilimo Biashara Account to receive affordable farming loans.

Rafiki Microfinance Contacts:

  • Headquarters: Head office Biashara Street
  • P.O. Box 12755-00400
  • Telephone: 0730 170 500
  • Mobile: 0730 170 000

8. Century Microfinance Bank Ltd

This MFI specializes in providing credit to agri-businesses in Kenya. Like most Microfinance Institutions in Kenya, Century Bank also provides loans. You can save by regularly using M-Pesa to deposit into your Century Microfinance Bank account.

The MFI has a handful of branches around Nairobi, the central region, and western. The headquarters are in Gikomba, and other offices are located in Githurai.

Century contacts:

  • Head Office, KK Plaza 1st Floor
  • Gikomba
  • Mobile: 0722168721, 0756305132
  • Email:

9. Momentum Credit

This is another Microfinance institution in Kenya. It is entirely new but has a considerable customer base, and it is growing fast. Momentum Credit was founded in March 2017 with purposeful intent to meet an overwhelming market need of providing structured working capital solutions to Individuals and Small Medium Enterprises (SMEs).

Momentum Credit Contacts

  • Head Office: International Life House Nairobi.
  • Office Line: +254 796 444 555 | Customer Support +254 709 434 000
  • P.O Box 29175 – 00100 Nairobi

Microfinance Institutions in Kenya products Conditions

The general criteria might include gender (as in the case for special women’s loans), age (at least 18 years of age), a valid Kenyan ID, a business, an ability to repay the loan, and be a customer of the institution.

Interest rate: They are mostly calculated on a flat basis and some at a declining balance. More than 90% of the institutions require monthly interest payments. The average interest rate is 30-40% for loans up to 500,000 Kenyan Shilling. For loans above 500,000 Kenyan Shilling, interest rates go up to 71%.

Credit scoring: There is no advanced credit scoring system, and the majority of lenders have not stated any official borrower requirements. However, some institutions require having an existing business for at least three months, a small amount of cash, provide the institution with a business plan or proposal, and have at least one guarantor

Most Microfinance Institutions in Kenya (MFI) are using M-Pesa to provide micro-credit to their clients. The MFIs in Kenya are licensed and regulated by the Central Bank of Kenya (CBK).

This is under the Microfinance Act of 2006 and the Microfinance Regulations for Deposit-Taking MFIs of 2008. These regulations involve licensing and supervision of the establishment of MFIs. They also regulate the business operations of all Microfinance Institutions in Kenya.

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Brian is a founding writer at Urban Kenyans. His work is focused on how to improve the digital literacy of Kenyans online. He has been able to do so with his mastery of Kenya and the English Language.

2 thoughts on “List of Micro-Finance Institutions in Kenya”

  1. I am a member of ECLOF, and I have seen it being deep rooted in many towns in Kenya with their branches all over. I feel it should appear in the above list.


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