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CBK licenses Maisha Microfinance Bank

CENTRAL-BANK-OF-KENYA-3

The Central Bank of Kenya (CBK) has granted a licence to Maisha Microfinance Bank Limited to carry out nationwide microfinance banking business.

The licence has been issued pursuant to Section 6 (1) of the Microfinance Act, 2006 and Regulation 5 (3) of the Microfinance Regulations, 2008.

  • The licence has been issued pursuant to Section 6 (1) of the Microfinance Act, 2006 and Regulation 5 (3) of the Microfinance Regulations, 2008.
  • Maisha MFB is a Kenyan owned company limited by shares and intends to commence operations in Nairobi County with an objective of expanding across the country with time.
  • The Microfinance Bank will offer comprehensive Insurance Premium Financing (IPF) products as value-add alongside other Micro Small and Medium Enterprises (MSMEs) financing products.

Maisha MFB is a Kenyan owned company limited by shares and intends to commence operations in Nairobi County with an objective of expanding across the country with time.

For more on this story visit the following link: CBK licenses Maisha Microfinance Bank

Source: CapitalBusiness

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