Category Archives: Sumac Blog

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. […]

Sumac becomes the official Sponsor of Wazito FC

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 […]

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 […]

Dubai-based Badoer buys 15.6% stake in Sumac Microfinance Bank

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 […]

Sumac sponsors Sigona Golf Event

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, […]