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 […]
Category Archives: Sumac Blog
12
Nov
Nov
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. […]
12
Nov
Nov
SUMAC NOW A SPONSOR OF WAZITO FC Sumac Microfinance Bank through its shareholding company ADK has sponsored Wazito FC, for undisclosed amount. The sponsorship that will see the club jersey with ADK+Sumac is the first kind of partnership for Wazito, who hope to be competitive in the Kenya Premier League. Commenting on the partnership, club […]
10
Sep
Sep
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 […]
10
Sep
Sep
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, […]
10
Sep
Sep
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 […]
27
Jul
Jul
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 deal, which values Sumac at Sh641 million, will see the company’s founder Ricardo Badoer take up a seat on the board of Sumac. Sumac says it will […]
25
Jul
Jul
SUMAC SPONSORS SIGONA GOLF EVENT For the fifth year running, Sumac Microfinance Bank has sponsored the Sigona Golf Night, which is a major event in the golfing calendar in Kenya. The bank pledged to continue sponsoring this auspicious event, and has been credited with helping the Sigona Golf Club to thrive and develop. The event, […]
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 […]
- 1
- 2