Charles Njuguna

CEO's Profile

Theme | Credit Demand & Accessibility
Topic | Microfinance Lending & Accessibility
MONTH | June 2015

Discussion Focus areas

  • Emerging microfinance trends and Microfinance Banks in the financial services sector
  • Impact of technology and mobile telephony
  • Unique attributes of microfinance and lending activity within key economic sectors, including agriculture
  • Promoting industry competition through pricing transparency (Kenya Banks’ Reference Rate / KBRR, and Annual Percentage Rate)
  • Role of Credit Information Sharing in stimulating collateral-free lending


There are various service providers within the financial services sector, these include retail and commercial banks, insurance companies, savings and credit co-operative societies (SACCOs), and microfinance institutions. Microfinance institutions play a unique role -- especially in the developing economies -- due to the potential of micro-credit to provide access to segments that are marginalised.

Over the years, microfinance banks in Kenya have evolved from facilitating donor-funded lending programs that target micro enterprises, the informal sector and agriculture; to include typical retail banking activities such as lending to households and SMEs. Currently, there are 11 deposit-taking microfinance banks that are licenced and regulated by the Central Bank of Kenya.