Salaam Microfinance Bank Stories

The launch on Saturday drew local dignitaries, community leaders, and hundreds of residents eager to witness the arrival of a Shari’ah-compliant finan...

The new provisions aim to curb exploitative practices in the microfinance sector, offering enhanced safeguards for borrowers and guarantors.

In the year under review, the loan portfolio declined further by 4.7 per cent to Sh37.5 billion as of December 2023.

The chairperson of the Manguto women's group, Gladys Patrick, said that since last year, the bank has failed to issue any loans.