Number of MFIs in Kenya

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How many MFIs are there in Kenya?

5,350.

According to the Central Bank of Kenya’â„¢s 2009 Annual Report, by December 2008 there was a total of 5,350 MFIs in the country. Such high number of MFIs is due to the criteria adopted by the Central Bank ‘“ in Kenya, the microfinance sector is composed of commercial banks, development finance institutions, deposit-taking and non deposit-taking microfinance institutions.

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