Who owns Rafiki Bank?

Who owns Rafiki Bank?

Daniel Mavindu – Chairman. Mr. Mavindu has over 20 years’ experience in the Banking sector. He is the founding CEO of Rafiki Microfinance Bank.

Is Rafiki Microfinance a bank?

Rafiki Microfinance Bank is licensed and regulated by the Central Bank of Kenya, through the Microfinance Act, 2006 (amended, 2013). It is the third largest microfinance institution in Kenya.

How many branches does Rafiki Microfinance Bank have?

19 branches
Rafiki has 19 branches spread across 11 counties in Kenya.

How many microfinance are there in Kenya?

14 microfinance institutions
In 2020, 14 microfinance institutions operated in Kenya, the same as in 2019. The presence of microfinance in the country has overall developed.

How do I register a microfinance in Kenya?

Non-deposit taking microfinance in Kenya have to be registered as Limited Liability Private Company (“LLPC”) by the Registrar of Companies. The Registrar will only register such a company if the people registering the company have a letter of no objection from the Central Bank.

How do I join Caritas Sacco?

Registration and use of service

1. Dial *810# and follow the prompts to do self-registration.
2. You are required to change your one time password to your preferred PIN.
3. Dial *810# and enter your PIN to access the main menu.
4. Choose your desired transaction and follow the instruction given.

Which bank has the lowest interest rates in Kenya?

Cheapest Bank loans in Kenya

1. Central bank of Kenya. The central bank of Kenya (CBK) has the benchmark as the best lender with 9% interest rate.
2. Victoria Bank. This is one of the cheapest banks that offer loans at a subsidized rate.
3. KCB.
4. National Bank of Kenya.
5. HDFC Bank.
6. Stanbic Bank Kenya.
7. HF Group.

What is non-deposit-taking microfinance?

Non-deposit-taking microfinance institutions means financial institutions that provide micro loans and taking deposit in the form of loan or grant domestically or internationally and undertaking their operations under this Decree; Sample 1.

How do I start a mobile lending business in Kenya?

How to start a private lending company

1. Plan your business.
2. Form a legal entity.
3. Register for taxes.
4. Open a business bank account and credit card.
5. Set up a business accounting system.
6. Get the necessary permits and licences.
7. Obtain a business insurance.
8. Make your brand known to your customers.