Who we are
Caritas Microfinance Bank was founded by the Catholic Archdiocese of Nairobi and launched in June 2015 as a deposit taking microfinance institution.
We exist to provide up scaled financial services to our customers enabling them to safe guard their future and be able to take care of their financial needs.
We have grown to become one of the leading & fastest growing microfinance banks, offering a range of services, including current and savings accounts, term loans and asset finance, LPO finance, insurance and foreign exchange solutions.
Our rich history dates back to 1983 when the 1st African Bishop (Maurice Micheal Otunga) in Kenya, met a number of families in need of socio-economic needs.
He encouraged the spirit of self-reliance by initiating the 1st Self Help Group/initiative at Kiriko Parish, Gatundu North. Through the Cardinal, Fr. Mukui and Kiriko Parish christians contributed Ksh 20 each and a total of Ksh 680 was collected that sunday.
This marked the beginning of Self Help Group concept that has inculcated the spirit of self-help among Christians. The concept worked very well and was introduced in all Parishes and Outstations.
Currently, the Archdiocese of Nairobi has continued to run the Self Help Program for over 30 years with an emphasis on savings and credit.
In recognition of the above and the association between access to financial services and poverty reduction, Caritas Nairobi in its strategic plan 2009-2013 aimed to establish a microfinance bank.
The bank was licensed by CBK in June 2015 leading to opening of the first Caritas Microfinance Bank branch on 15th June 2015.