Sumac Microfinance Bank to open 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 the greater Nakuru and Naivasha areas, which have been prompting the bank for a branch that is closer to them, and which they can access with ease.

“The Nakuru branch will mark yet another important milestone for us at Sumac in our quest to expand and grow our reach around the country,” Mr. Njoroge says. “We look forward to serving businesses in the region, who are keen to work with a financial partner that takes into account the challenging and emerging needs of their distinctive businesses. We are their bank of choice, and will not disappoint them. We are heeding to their call to set up a branch, and Nakuru is the preferred location for this exercise.”

Mr. Njoroge, who is one of the key founders of the bank, believes that Sumac’s forays into this particular region will help the bank reach out to more businesses and to help them grow as it has done with Nairobi and Githunguri.

“We have been successful elsewhere because we are a relationship microfinance bank. We help businesses grow, and we do so from a very personal level,” he says. “Nakuru and its environs will soon take advantage of the services we offer, and we are strongly convinced that our presence in the region will be a step in the right direction in our ongoing relationship with businesses in Kenya.”

The Board has yet to announce the dates for the launch and the opening of the new branch, but Mr. Njoroge says it will happen very soon.

“When we are ready, we will announce this to the public and declare openly that we are open for business in Nakuru. We urge residences in these two regions to join us as we seek for forge an unbeatable alliance to help businesses in the region,” Mr. Njoroge says.