Sumac Microfinance Bank was established in 2002 by a group of 14 investors who initially formed an investment group to help chart out a better future for themselves. In 2004, the institution opened its doors to the public as Sumac Credit Ltd with a mission to empower businesspeople who couldn’t match the stringent loan requirements by commercial banks.
In 2012, we were duly licensed as a Microfinance Bank by the Central Bank of Kenya to take deposits. We have since been referred to as Sumac Microfinance Bank Ltd.
Over the years, we have developed a broad range of product offering which include various accounts, loan products, Forex, Trade Finance and Bancassurance.
In 2018, Sumac was Awarded at the Annual Think Business Banking Awards as the 2nd Fastest Growing Microfinance Bank in Kenya. One year later , we were recognized at the same Awards as the top Microfinance Bank in Agriculture and Livestock Financing. We have won other awards in various industries, and we hope to continue putting our best foot forward in the Kenyan market.
Sumac began with a branch on Park Road, Ngara, in Nairobi. Later on, the bank opened a branch on Koinange Street at Nginyo Towers as demand for the bank’s services increased. In recent years, the bank has been able to set up other branches in Githunguri, Nakuru and Thika. Plans are underway for the opening of more branches across the country with targeted entries into the North Rift, Central Kenya, Mombasa and Western Kenya.
Our expansion will continue in coming years in a strategic approach, as we seek to meet the needs of our clients countrywide. We continue to serve in the Kenyan market as a business-oriented bank. Our focus on serving businesses is driven by the fact that business enterprises are the backbone of our economy. Our promise is always to keep offering the best financial services to businesses, and we will do so with commitment, dedication and efficiency. When you require prompt, flexible and efficient financial services in a friendly environment, then come to Sumac Microfinance Bank. We will meet all your financial needs effectively. Our motto is, “Prompt Service, Our Key Priority.”