Author Archives: Editor

Deadline to submit old Ksh1,000 notes is September 30, 2019

The Central Bank of Kenya has said there are enough new generation notes in circulation, urging Kenyans to take advantage of the September 30 window deadline to replace old Sh1,000 notes. Speaking during a Thursday morning breakfast show at Radio Jambo, CBK governor Patrick Njoroge reiterated that the old Sh1,000 notes will become valueless starting […]

It’s a big win for Sumac at this year’s Banking Awards

It’s a big win for Sumac at this year’s Banking Awards Sumac Microfinance Bank is celebrating a major win at this year’s Think Business Banking Awards, which was held recently in Nairobi, at the Movenpick Hotel in Westlands. During a night that was befittingly capped with a second win in as many years, Sumac Microfinance […]

Sumac and M-PAYG brings you Solar closer home

Sumac and M-PAYG brings you Solar closer home Sumac and Danish firm M-PAYG have entered into an agreement to provide homes with affordable Solar equipment. Sumac, through its KAWI LOAN, would offered loans to customers seeking to acquire the Solar equipment, while M-PAYG will be solely responsible for the sales, distribution and installation of the […]

Sumac announces new vacancies again

Sumac announces Vacancies for its new branch Sumac Microfinance Bank is hiring again.  A new branch is in the offing in Thika, hence the openings as may be appropriate. The following vacancies have been announced. Applications should reach the bank before May 17, 2019. Vacancy Announcement – 1 Position: Branch Manager [1] Date: May 11, […]

Sumac Microfinance Bank to roll out digital banking

Sumac Microfinance Bank has finally completed plans to roll out digital banking for the 2nd fastest growing Microfinance Bank in Kenya. This comes in the wake of a growing demand and preference by clients to use digital banking as a one-stop banking solution. Sumac CEO John Njihia says the move is long overdue, and is […]

Sumac Sponsor Kiambu Golf Tournament in a big way

Sumac Microfinance Bank was the main sponsor of the Kiambu Golf Tournament (Golf Night), held on April 12, 2019 at the Kiambu Golf Club. The leading Microfinance Bank, which was last year voted the 2nd Fastest Growing Microfinance Bank at the Think Business Banking Awards 2018, has taken its liberty to indulge business across the […]

We are hiring now!

Sumac Microfinance Bank is hiring. The following vacancies have been announced. Applications should reach the bank before March 10, 2019. Vacancy Announcement – 1 Position: Accountant Date: March 01, 2019 Job Reference; Accountant/March01/2019/ We wish to announce to the general public that a vacancy has fallen at Sumac Microfinance Bank in the finance department. We […]

Sumac Fixed Deposit one of the best in Kenya

Sumac Fixed Deposit considered one of the best in Kenya Sumac Microfinance Bank has been hitting headlines in 2018 for remarkable performances in the microfinance industry, with a major win at the 2018 Think Business Banking Awards, coupled with new partnerships with local and international investors from across the world. The latest entrant after Badoer […]

Sumac Microfinance enters big partnership with Sima LLC

Sumac Microfinance Bank has announced a major partnership with US based Social Investment Managers & Advisors (SIMA) LLC to fund its growing loan inquires and other investment opportunities. SIMA is globally known for successful funding ventures in the entire globe and has a presence in all continents across the world. In this arrangement, SIMA will […]

Sumac enters deal to sell Biogas

Sumac Microfinance Bank has entered a long-term agreement with the Kenya Biogas Programme to sell Biogas to both existing and potential clients throughout the country. The Kenya Biogas Program (KBP), a constituent of the Africa Biogas Partnership Program (ABPP) aims to achieve the development of a commercially viable domestic biodigester sector in Kenya by 2019. […]