Rafiki Microfinance Bank Hits 7, Here is their Story

Most of us must have heard of even interacted with Rafiki Microfinance Bank in one way or another. But do we know the history behind its existence? Behind every successful brand, there is always a dedicated team that channels its efforts towards making sure that a customer is satisfied and the brand rules over others.

The story of Rafiki Microfinance kicked off seven years ago. The story is still unfolding and not even this blog post can tell the story in full. The blog post cannot even afford to cover a third of this amazing story. All the blog does is to mention, nothing else.

Rafiki Microfinance Bank conceptualized as a business in 2009, registered in 2010 and launched its operations in the Kenyan market in 2011 with a firm footing agenda for the microfinance industry.

This was with a presence in two counties; Nairobi and Mombasa, at Tom Mboya Street and Likoni respectively. The Microfinance Bank is a conventional one-stop microfinance institution with a strong focus on youth agenda.

Rafiki Microfinance Bank is the premier relationship microfinance institution offering progressive youth-led microfinance services that span business loans, asset finance, agricultural loans, guarantees, saving accounts, Chama supreme banking, micro-insurance and housing Microfinance, cutting across urban, peri-urban and rural Kenya.

The Bank strives to empower communities to come out and live in dignity and for businesses to upscale through wealth creation to generate employment opportunities.

Rafiki Bank has to place young people as their key priority and that can be seen in their mission which is to empower the youth to achieve social and economic freedom. From this, everyone can agree that this is one financial institution that is here to improve the financial needs of the young generation.

Being at the core of foreseeing that the welfare of the youth is well catered for, Rafiki Bank aims at being the leading change agent in the youth entrepreneurship development in Africa. Isn’t this fantastic?

Rafiki Bank is made up of four core values which included Creative – I find new ways, Open – I am approachable, Dependable – I make it happen, Empathetic – I listen and choose to understand. All these put together makes up an all-around financial institution that cannot be compared to any other.

With a total of 19 branches spread across the country, the lender has strived to ensure that Kenyans are well placed to have a friend that can be depended on as far as matters of finance are concerned.

Here are the branches so far:

1. Tom Mboya branch located at El Roi Plaza, Tom Mboya Street
2. Likoni Branch located at Likoni-Ukunda Road
3. Mombasa Moi Avenue located at Mombasa permanent house Moi Avenue Street
4. Thika Branch located next To Leens Supermarket, Commercial Street
5. Ruiru Branch located at Githurai Kimbo road opposite Bidii supermarket off Thika road
6. Kayole Branch located at Kayole road opposite Pinnacle building
7. Kitengela Branch located next to Kenol Kobil Petrol Station off Namanga Rd
8. Wote Branch located at Double K Plaza Punda Rd
9. Eldoret Branch located at Kimalel street, opposite Tuskys supermarket
10. Mbale Branch located along Kakamega/Kisumu rd, Mbale town near Barclays bank
11. Biashara Branch located at Rafiki House, Biashara Street, Nairobi, Kenya
12. Rongai Branch located at Magadi road opposite Cleanshelf supermarket
13. Westlands Branch opened in 2014 Located at Woodvale Grove, next to Co-op Bank
14. Machakos Branch located at Utisi HouseMachakos, Makueni Road
15. Nakuru Branch located at Kanyatta Avenue, Shiva plaza, Nakuru, Kenya
16. Kisumu Branch located at Kibuye Market next to Aga Khan Hospital
17. Mtwapa Branch located off Mombasa Malindi road next to Pwani feeds
18. Kengeleni Branch located at kengeleni centre along Nyali road next to Kongowea market
19. Limuru Branch located at Kiambu road, grand view plaza.