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, […]

How Sumac became one of the fastest growing Microfinance Banks in Kenya

Sumac Microfinance Bank was recently highly feted at the Think Business Banking Awards as the 2nd Fastest Growing Microfinance Bank. This hasn’t been an easy achievement. We have since gone behind the scenes to discover what really were the factors that played a major role in ensuring that Sumac came tops. It is now emerging […]

Sumac Microfinance Bank wins Big at the Banking Awards 2018

Sumac Microfinance Bank has emerged the Runners Up in the Fastest Growing Microfinance Bank Category, at the Think Business Banking Awards 2018. This is the first time Sumac has received such an award, a clear sign of the significant growth and strong position that the bank has recently acquired in the market. “It’s all down […]

Sumac acquires funding war-chest to empower businesses

SUMAC ACQUIRES FUNDING WAR-CHEST TO EMPOWER BUSINESSES Sumac Microfinance Bank has mobilised Sh375 million in capital injection that will enable the micro lender compete for a bigger market share and implement an ambitious growth strategy. The deposit taking lender has secured Sh150 million from Triple Jump of Mexico, with the first tranche of Sh75 million […]

Sumac commended for service to Thika Children’s Rescue Centre

The government, through the Ministry of East African Community, Labour and Social Protection has commended Sumac Microfinance Bank for its support to the Thika Children’s Rescue Centre over the years. Sumac Microfinance Bank has been supporting the Thika Children’s Rescue Centre with funding for various activities, alongside offering logistical support to ensure the institution runs […]