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As of December 2015, KCB Bank Kenya was the largest commercial bank in Kenya with assets of more than US$3.681 billion (KES:366 billion) and US$2.776 billion (KES:276 billion) in customer deposits. In August 2021, the bank recorded a customer deposit growth to USD$5.47 billion (KES:601.7 billion) and had an asset base value of USD$7.09 billion ...
The Financial Inclusion Fund. The Hustler Fund, administratively also known as The Financial Inclusion Fund, is a loan project led by the Kenyan government which provides instant loans to Kenyan citizens upon request. The program was launched by President William Ruto in late 2022 with the intention of providing at least $420 million in loans.
Kenya Mortgage Refinance Company Plc ( KMRC ), is a financial services company in Kenya, that specializes in lending to other financial institutions in the country, for onward lending in form of mortgages. In addition, KMRC buys good mortgages from other lenders to make more money available to banks for onward lending to eligible homeowners.
Housing Finance Company Limited is a large mortgage finance company, serving the mortgage needs of the Kenyan population. As of December 2020, the company's total assets were valued at KSh55,445,249,000 (approximately US$497 million), with shareholders' equity of KSh8.562 billion (approx. US$76.8 million). [2]
Education in Kenya refers to the education system in Kenya. It is considered a basic right that should be offered to every individual. Education in Kenya predates to as early as the 18th century among the Swahili people. The earliest school was established by missionaries in Rabai. During the colonial era, the number of Kenyans with exposure to ...
Kenya and the World Bank. The World Bank has provided financial support for infrastructure and development programs in Kenya dating back to May 1960. [1] The first Kenyan project that was financed by the World Bank was the African Agriculture Project, the World Bank issued the then British Colony with $5.6 million to invest in infrastructure ...
KWFT is a medium-tier financial services provider in Kenya. As of December 2013, it was the largest deposit-taking microfinance bank in the country, with an asset base valued at about US$220 million (KES:21.75 billion). At that time, the microfinance bank had in excess of 600,000 deposit accounts and a loan book of approximately US$147 million ...
In 2010, there were more than twenty large micro finance institutions in Kenya, which provided US $1.5 billion to approximately 1.5 million active borrowers. According to their gross loan portfolio, the five largest institutions are: Equity Bank Kenya has a market share of 73.50%, a gross loan portfolio of 924,993,804 Kenyan Shilling and ...
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