List of Licensed Microfinance Institutions in Kenya (MFIs)

Most Microfinance Institutions in Kenya (MFI) are using Mpesa 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 (both are referenced at the end of this article).

These regulations involve licensing and supervision of the establishment of MFIs. They also regulate the business operations of all Microfinance Institutions in Kenya.

Most Microfinance Institutions in Kenya double-up as Deposit Taking Institutions. The benefits of using mobile money such as Mpesa when taking deposits include reduced costs, increased convenience and lower risk of fraud.

Whether you are looking for loans or Microfinance Institutions in Kenya jobs, here is a list of the leading Microfinance Institutions in Kenya. Most of these Microfinance institutions also support mobile banking.

Microfinance Institutions in Kenya List

There are many Microfinance Institutions in Kenya. Here is a list of some of the most popular:

Faulu Kenya

Microfinance Institutions in Kenya: Faulu Kenya

Faulu Bank is a Deposit Taking MFI that is a leading provider of loans in Kenya. Like other Microfinance Institutions in Kenya, Faulu Kenya has both loans and savings products. You can deposit into Faulu Account using Mpesa. Faulu has a wide network within Kenya (Read: Faulu Kenya branches), 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 Kenya 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
To Call Centre: 0711 074 074 and 0711 074 000.

Choice Microfinance Bank Limited

Choice Microfinance Bank Limited

Choice Microfinance Bank Limited is one of the biggest community-based Microfinance Institutions in Kenya. The MFI has its headquarters in Rongai within Kajiado County. You can deposit into Choice Microfinance Bank using Mpesa Paybill number 990 360. Their products and services include loans and savings accounts such as Faidikeni Fixed Deposit Account and Asset Mali Account.

In their own words, 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 of small credit facilities to improve their livelihood and break the poverty cycles”. Microfinance Institutions in Kenya are popular due to their flexible loan repayment periods. Choice Microfinance Bank loans can be repaid within 3, 6, 9 and even 12 months.

Choice Microfinance Bank Limited 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
Cell: +254 736 662 218
Cell: +254 724 308 000

KWFT – Kenya Women Microfinance Bank Ltd

KWFT: Kenya Women Microfinance Bank

Popularly known as KWFT, Kenya Women Microfinance Bank Ltd is 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.

Like Faulu Kenya, KWFT has branches all over Kenya. The MFI has both savings and loans 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. Like 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. You can pay KWFT loans using Mpesa.

KWFT Contacts:
KWFT HEADQUARTERS: Akira house, Kiambere Road, Upper Hill Nairobi
P.O. Box 4179 -00506
Nyayo Stadium, Nairobi
Customer care number: 0703 067 700
Pilot Line : 0703 067 000
Email :

SMEP Microfinance Bank Ltd

SMEP Microfinance Bank

SMEP Microfinance Bank Ltd offers banking services in Kenya. 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 self-help group of fifteen or more members. The group “MUST be registered with the Ministry of social services and have a constitution”.

SMEP Contacts:
P.O.BOX 64063-00620 NAIROBI, Kenya.
Telephone: +254 20 2673327-8 /20 2055761 /20 3572799
Fax: +254 20 3870191

Musoni Microfinance Institution

Musoni Microfinance Institution

Musoni 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. Choose Musoni if you are a smart farmer, for example making money through watermelon farming in Kenya (or tomato farming, pilipili hoho, cabbage farming, onions, etc).

Musoni contacts: Musoni has many branches where you can chat with their staff, but all money transactions are done through mobile.

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

Century Microfinance Bank Ltd

Century Microfinance Bank Ltd

Century Microfinance Bank Ltd 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 Mpesa to deposit into your Century Microfinance Bank account.

The MFI is headquartered in Gikomba, Nairobi and has another Nairobi branch in Githurai. Other branches are in Bungoma, Githunguri, Kitengela and Kagio. Among their loan products is the Jijenge loan for both individual and corporate clients.

Century Microfinance Bank contacts:
Head Office, KK Plaza 1st Floor
New Pumwani Road, Gikomba
Tel: (020)2664282
Mobile: 0722168721, 0756305132

Uwezo Microfinance Bank Ltd

Uwezo Microfinance Bank Ltd

Uwezo Microfinance Bank provides several financial solutions (loans and savings) to enable wealth creation and better living for individuals, groups and Small and Medium Enterprises (SMEs) in Kenya. Like most Microfinance Institutions in Kenya, Uwezo 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 :

Rehani House Branch: Rehani House, 11th floor, Koinange street.
P.O BOX 1654-00100, Nairobi – Kenya.
Telephone : 254 20 221 2919
Mobile : 0703591302

Ronald Ngala Branch: New Mathai City Complex, 4th floor, Ronald Ngala street.
Mobile : 0703591309.

Rafiki Microfinance Bank Ltd

Rafiki Microfinance Bank Ltd

This is one of the banks in Kenya that offer diaspora banking, savings and loans 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

Other Microfinance Institutions in Kenya include:

Remu Microfinance Bank Ltd

Sumac Microfinance Bank Ltd

U&I Microfinance Bank Ltd

Caritas Microfinance Bank Ltd (owned by the Catholic Church of Kenya)

Download the Microfinance Act (2006) and Microfinance (Deposit Taking Institutions) Regulations, 2008 followed by CBK when licensing and regulating all Microfinance Institutions in Kenya.

Choose carefully and invest wisely from these and other Microfinance Institutions in Kenya.

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Harrison M, author, editor and owner at

Harrison M, Owner and editor of Spend Billionaires Money Game

Harry started this website as a finance blog back in 2015, when mobile money and sports betting were the rage in his part of the world. But over the years the content policy has been evolving, just as both the authors and the times have been changing. He is a calm person and during his free time you might catch him riding his bike, playing football with his son, watching movies or just chilling. | Twitter | VK | LinkedIn