Sumac Microfinance Bank was established in 2004 by a group of 14 investors who came together as a chama. We subsequently opened our doors to the public as Sumac Credit Ltd with a mission to empower entrepreneurs who had found the going tough owing to the stringent loan requirements by commercial banks.
Later on, we transitioned into a microfinance institution and upon the enactment of the Microfinance Act in Kenya. We applied to the Central Bank of Kenya for a license to operate as a Deposit-taking microfinance bank, was successful eventually.
We have since become key players in the micro-finance sector, and have a successful history of disbursing loans to businesses that have become a remarkable story of exceptional achievements.
We have gained an exemplary reputation in the market place, and our products have become easily accessible banking facilities that will remain the hallmark of reliability and dependability in as far as building business enterprises is concerned.
Are you a businessperson who seeks to take your business to the next level? Have you had trouble obtaining a viable loan from financial institutions? Well, your dilemma comes to an end when you pay us a visit in any of our branches. Our team is ready to assist you to break the barriers and scale new heights in your quest for success.
In a world that has become a challenging and harsh environment for businesses, we will stand with you. When all seems too difficult and there’s no money coming your way, you can depend on us. When business seems to be creeping slowly but gradually to a standstill, you can look to us for a timely and practical financial solution. We have your back, and will gladly hold your hand through trying business times.
We are your reliable, dependable and easily accessible financial solution provider. The success of your business enterprise is our success; that is why we are in the marketplace to empower you to achieve your business dreams.
Sumac Microfinance Bank is backed by a strong shareholding from various investors whose interest is to see an entity of this magnitude become a source of help and pride to the citizens of this land. The shareholders offer strong financial support that has so far seen Sumac grow and develop at a steady pace in spite of normal business hurdles.
A lot of credit is due to the shareholders for holding hands to ensure Sumac stays on track for growth and efficiency in the marketplace. The shareholders are an important part of the Sumac story of growth and are often a very important fixture in the Annual General Meetings when important decisions are made in regard to Sumac’s next fiscal year plans.
Products and Services
As a microfinance bank, we are largely a licensed deposit-taking banking institution with credit facilities and loan products available to our broad range of clientele.
Deposits and savings
For deposits, we have vibrant and beneficial account types that will enable you to save your money and invest it as you may desire. These account types do not need so many requirements when opening, and have minimal or zero maintenance fees. For savings, Sumac cares about your money and is a trusted banking institution you can rely on to safely transact business with your money.
We like to often say your money is safe with us, and this is a guarantee we assure you as our esteemed customer and client.
Loans and credit facilities
This is yet another important part of our business that offers you the opportunity to secure a much-needed funding boost to take your business to the next level. The loans are available to all clients provided you are able to meet our fair requirements.
As a business, you need a loan at some juncture of the business’ existence. You cannot get such a facility if perhaps financial institutions are not willing to listen to you and help. We have successfully modeled ourselves as the banking entity of choice and will listen to you no matter how small your business is.
We believe every individual business is worth a jab in the arm for growth because all businesses have noble objectives that sometimes only lack financial support. Do not be afraid. Sumac will meet you and heed to your call for funding to take your business to the next level. Our team will be glad to sit with you and tailor-make the right product for you to thrive in business. This is the start you need. We are the start you will need.
Asset and insurance financing
We all need to secure assets at one time or the other – either for business or for personal benefit. Whatever the case, we can arrange to finance for you. Could it be that car for your business or family, or might it be the machinery you want to acquire in order to kick-start your factory? All that is possible at Sumac. We have the financial framework and the asset financing mechanisms to ensure you can secure your asset with ease.
You can also get insurance premium financing from us through our sister company, Sumac Insurance Agency Ltd, which carries a full range of insurance services available for your picking.
The process of securing loans, financing, or opening accounts with us is simple, precise and fast. Visit any of our branches today and we will be happy to serve you.
Sumac Microfinance Bank Ltd
Postal Address: P. O. Box 1168700100, Nairobi
Telephone: 0202212587, 2210440, 2249047, 0738637245, 0725223499
Fax: (254) 2210430
Physical Address: Consolidated Bank House 2nd Floor, Koinange Street
Date Licensed: 29th October 2012
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