Sumac Microfinance Bank
Empowering businesses with credit facilities, trade finance, and insurance solutions for sustainable growth.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | N/A | Acquisition | |
| Total Funding | 000k | ||
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Sumac Microfinance Bank, established in 2002 by a group of 14 investors, operates as a licensed Microfinance Bank in Kenya since 2012. The bank provides a range of financial solutions including business loans, trade finance, and bancassurance products, aimed at empowering businesses to achieve sustainable growth. Sumac serves small to medium-sized enterprises (SMEs) and individual clients, focusing on prudent financial management to foster development. The bank generates revenue through interest on loans, fees from trade finance services, and commissions from insurance products. Sumac is committed to maintaining respectful relationships with its stakeholders and aims to be the bank of choice in Kenya.
Keywords: microfinance, business loans, trade finance, bancassurance, SMEs, Kenya, financial solutions, sustainable growth, prudent management, client empowerment.