Monthly Archives: September 2018

New Director takes his place in Sumac Board

Dubai-based investment firm Badoer Investments Ltd has pumped in Sh100 million ($1 million) into Sumac Microfinance Bank, taking up 15.6 per cent stake in the SME lender. The firm’s founder, Ricardo Badoer, now takes his place in the Sumac Microfinance Bank as a Director and Board member. Mr. Ricardo Badoer holds a Master’s in Business […]

Factors that have pushed Sumac to the top

There are factors that have pushed Sumac to the top. The recent award as the 2nd Fastest Growing Microfinance Bank didn’t come cheap. Some of the factors that have played an important role in this meteoric rise include the fact that Sumac advances loans as low as Sh50,000. The interest rates on loans are low, […]

How Sumac Made it to the top League

Sumac Microfinance Bank was recently recognized as the Second Fastest Growing Microfinance Bank in the Think Business Banking Awards 2018. It comes on the back of the bank’s recent opening of a fourth branch in Nakuru. This hasn’t come easy, and for Sumac to be afforded this remarkable reputation, the team behind this rapidly growing […]