Micro-lender obtains national licence

Central Bank Governor Patrick Njoroge. file photo | nmg

U&I Microfinance Bank can now open branches and recruit members across Kenya after the Central Bank of Kenya (CBK) granted it a national licence.

In a gazette notice published Friday, CBK Governor Patrick Njoroge said the Nairobi-based MFI currently running three branches within the Central Business District and two at Gikomba can operate nationally from March 25, 2017.

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