Microfinance Act,microfinance businesses,non-deposit-taking microfinance Stories

New law prohibits lenders from using threats on borowers during loan recovery
Lucy Mumbi  |  Jan 06, 2025

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

Microfinance banks’ loss streak continues for eighth year as deposits, loans shrink
Alfred Onyango  |  Jul 22, 2024

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

Over 100 women from Mazeras accuse Kenya Women Microfinance Bank of withholding savings
Farhiya Hussein  |  Jun 23, 2024

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

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