FROM ONE BRANCH TO FOUR, AND STILL COUNTING Early in 2004 when Sumac Microfinance Bank was formed by 14 investors with common interest to provide micro-credit and lending services to the common folk in the Kenyan community, little did they know that this noble but humble idea would later grow into one of the fastest growing […]
09
May
May
CUSTOMER CARE IS KEY TO OUR SUCCESS Sumac Microfinance Bank has developed into one of the most successful Microfinance Banks in Kenya in the last one decade largely due to a professional and customer-sensitive approach. The Bank is now a reputed lender and deposit-taking finance institution with a sizable share of the microfinance market in […]
09
May
May
WHY FARMERS NEED AGRI-BUSINESS LOANS TO GROW Farmers in Kenya can only be successful if their businesses are financially sound. Most farmers struggle in our economy because of lack of available credit in the form of agribusiness loans. The truth is that without these loans, it is almost impossible to independently succeed. Agribusiness loans go […]
09
May
May
WHY SUMAC IS THE MICROFINANCE BANK OF CHOICE Sumac Microfinance Bank is making headlines in the Microfinance business as one of the fastest growing microfinance banks in Kenya. But this has not come on a silver platter. The bank is said to have developed very robust systems to handle banking efficiently, and this has been […]
09
May
May
HOW TO GROW YOUR START-UP INTO A SUCCESSFUL ENTERPRISE Launching a business can be a terrifying thing. Most of the time the risks are huge, and but the only guarantee is a whole lot of hard work and time away from family. But, you know what? A successful business that is rapidly growing is no […]
09
May
May
HOW SUMAC CAME TO THE AID OF BUSINESSES IN GITHUNGURI Long before Sumac set foot into Githunguri Town, businesspeople in the area didn’t have the conviction that financial institutions were keen and willing to help them grow. It was a case of lukewarm appreciation of business, which didn’t play into the interest of businesses in Githunguri. Sumac […]
09
May
May
SUMAC MICROFINANCE BANK TO OPEN A NEW BRANCH IN NAKURU Plans are underway to expand Sumac Microfinance Bank’s reach into the market with the proposed establishment of a branch in Nakuru Town. Sumac Microfinance Chairman John Kibatha Njoroge says this is a necessary move that will ensure Sumac is able to serve most businesses in […]
09
May
May
SAVING 101 FOR NEW INCOME EARNERS Most of us want to save money so we can build wealth and plan for the future. We have goals we want to reach or things we want to buy, like a dream home. However, this can seem impossible when you’re surviving on low income or you’re a new income earner. According […]
09
May
May
MONEY IS GOOD, USE IT WISELY A lot of people get money. Unfortunately, not everyone gets big money. Majority of people we interact with as Sumac Microfinance Bank are the ordinary citizens who find it even harder to get an extra coin out of their income to save. In essence, there isn’t enough to go […]
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