CBK Grants a License to Muungano Microfinance Bank

Central Bank of Kenya has granted an operational license to Muungano Microfinance Bank Plc. The license will enable Muungano to carry out community-based microfinance banking business.

With this, Muungano becomes the fourteenth microfinance bank to be licensed by CBK.

Muungano Microfinance Bank is a Kenyan owned company limited by shares. Their flagship products are designed to enable farmers to purchase assets such as dairy cow breeds, quality feeds, and appropriate storage facilities.

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