List of Microfinance Institutions in Kenya

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Many Kenyans do not have bank accounts. Those who have bank accounts either have little or no savings. This makes it hard for them to access loans from the banks. For this reason, Microfinance Institutions in Kenya play a very important role.

Microfinance Institutions in Kenya offer small (micro) loans to customers who can not access conventional financial aid from banks. The nature and functioning of these institutions vary depending on the purpose as well as targeted groups. That is, some microfinance Institutions in Kenya are based on gender and strictly offer microfinancing services.

Although Microfinance Institutions in Kenya is an alternative to banks, some of them operate as extensions of large investment banks. By doing this, people living in under-developed regions can access funding from the banks through the Microfinance Institutions run by the banks.

In this article, I have prepared a list and brief description of the Microfinance Institutions in Kenya. Also, I have highlighted the conditions for Microfinance Institutions operating within Kenya.

Also read about: Best Investment SACCOs in Kenya.

Conditions For Microfinance Institutions In Kenya.


Different Microfinance Institutions in Kenya use different criteria to determine those eligible for funding. In most cases, eligibility is based on gender and age. This means some microfinance Institutions offer loans to special groups such as under-privileged women.

To access such services, they require one to be a Kenyan citizen of 18 years and above. Your ability to repay the loan and remain a customer of the institution will also be assessed.

Interest rates

In most cases, interest rates on Microfinance loans are based on a flat rate. However, some loan interests are calculated on a decreasing balance. A majority of Microfinance Institutions In Kenya insist on a monthly repayment system.

The Interest on loan varies between 30% and 40% for loans not exceeding Ksh.500,000. For loans above Ksh. 500,000, the interest rates extends up to 70%.

Credit scoring

Most Microfinance Institutions in Kenya do not have a system of analyzing the credit scores. However, some insist that to get the credit you must have an operational business for about 3 months and some cash in your account. You also need to provide a good business plan and have at least one guarantor.

Currently, many Microfinancing Institutions are using mobile money services such as Mpesa to ease customers access to credit. Also, the use of mobile transactions helps minimize cases of fraud within the institutions.

List of Microfinance Institutions in Kenya

Below is a list of Microfinance Institutions operating within Kenya,

Kenya Women Finance Trust (KWFT)

KWFT is one of the oldest and most popular microfinance institutions in Kenya. The Institutio was licensed to operate by the Central Bank of Kenya in 2010. Currently, it is the largest Deposit-taking microfinance institution in Kenya.

With over 600,000 customers and 231 branches throughout the country, KWFT offers savings and loans services to all women and girls within the country. It stands to be one of the Institutions that has embraced the use of Mobile money in Kenya as customers can make deposits through Mpesa.

You can reach KWFT through their line 0703067700 or write them an email to Also, you can write a letter through their postal address which is 4179-00506, Nairobi or physically visit their office headquarters at Akira House in UpperHill Nairobi or any of their branches nearest to you.

Faulu Microfinance

Faulu is another big deposit-taking microfinance institution. Currently, it is the leading institution when it comes to giving microloans. Fauli Microfinance has branches scattered all over the country to access customers. Also, with Faulu customers can make deposits to their accounts through Mpesa.

Loans from Faulu are easily accessed. The loans are processed within 24hours and the interest rates are very friendly. One can perform transactions on Faulu at any Faulu branch, Faulu agent or ATM within the country.

Faulu headquarters is located along Ngong Lane, off Ngong Road in Nairobi. Their contacts are as listed below.

Tel: +254203877290/3/7; 3872183/4; 3867503


Choice Microfinance Bank Limited

This is one of the biggest Community-based Microfinance Institutions. The Choice Microfinance headquarters is located in Rogai Kajiado county. The institution offers services such as loans and savings.

An example of the savings on Choice Microfinance is the Faidikeni Fixed deposit account and the  Asset Mali account. Just like Faulu, deposits on Choice can be made through Mpesa.

Choice Microfinance was started to link people in the diaspora with local investment opportunities. This was through providing small business loans with which locals can use to start small business enterprises.

below are contacts of Choice microfinance

Tel: +254203882206/ +254203882207


Uwezo Microfinance Bank

Uwezo Microfinance provides both loans and savings services. The Institution offers short-term loans at flexible interest rates. The goal of Uwezo is to facilitate wealth creation and better living standards of individuals, small groups or SMEs.

For those who want to venture in agriculture, the Farmer loans from Uwezo are the best option in the market.

Uwezo Microfinance can be accessed through the following contacts.

Tel: +254202212919

Mobile: 0752600619


Musoni Microfinance Institution

This is one of the youngest Institutions on the market. The letter “M” in the name Musoni stands for Mobile since the institution is centered around Mobile banking. Currently, it stands to the most paper-less Microfinance institution on the market.

With Musoni, there are no hidden charges when registering. On loan application, the loans are processed within 72 hours and deposited to your account.

Here are the Musoni contacts.

Tel: +254202609355/ 2166007


Rafiki Microfinance Bank

Rafiki Microfinance is one f the few MFIs that offer diaspora banking, savings, and loan services. This institution offers affordable asset finance, loans for chamas and SACCOs.

For those in agriculture, Rafiki MFI offers the best loans through the Kilimo Biashara account. Below are Rafiki MFI contacts.

Tel: 0730170500


P.O Box 12755-00400 Nairobi

Momentum Credit

This is a new MFI on the market. The institution was founded in March 2017 but has a huge customer base which is steadily increasing. The aim of Momentum Credit is to provide for the overwhelming demand for capital to SMEs and individuals.

Here are the contacts for Momentum Credit

Tel: +254796444555/ +254709434000


Century Microfinance Bank

Just like other MFIs, Century offers saving and loans services to customers. However, this MFI specializes in agribusiness loans.

Deposits to Century are made through Mpesa and customers get the loans directly to their accounts within a very short period.

Here are the contacts for Century in case you want to find out more.

Tel: 0722168721/ 0756305132


Microfinance Institutions in Kenya provide the youth with opportunities to achieve financial freedom. However, I advise that the money borrowed from MFIs should be strictly used for the intended purpose, which is income generation. This is because the borrowed money has to be repaid at an interest. You can also read: Businesses to start with 20K in Kenya.

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