BusinessNews

Muungano Micro Finance Bank opens a new branch in Kenol town

Murang’a County based Muungano Micro Finance Bank has opened a new branch in Kenol town after posting an impressive growth this year.

The Kenol branch becomes the fifth branch that the fast-growing micro finance bank has opened and the third this year since it was licensed in 2019. The fourth branch was opened at Del View near Thika town in June this year.

The chairman of the bank Patrick Karanja said the imyeezy sneakers custom baseball uniforms jordan proto max 720 nike air max 90 futura lace front wigs adamandeve toys jersey mls custom stitched nfl jersey castelli tutto nano jersey nike dunk nfl cheap yeezy shoes nike air max sale air max goaterra 2.0 air jordan 4 aguilas cibaeñas jerseypressive growth has been due to the confidence the customers have in them and high level of service.

He said the Kenol branch would lead more on business, because the town has become a leading commercial trading centre in Murang’a. The other branches have mainly focused on small scale farmers, supporting dairy, chicken, avocado and other agricultural activities.

Karanja further said the bank that was started in Kangari in Muranga mainly to serve farmers is the process of getting nationwide license to be able to serve customers in other regions.

The CEO Lydia Kibaara said Muungano Microfinance Bank has various products to support farmers and other traders key among them Muungano Boresha Biashara Loan to finance day to day running of business by offering working capital loans, LPO financing, business asset financing with a flexible repayment period.

The bank also has a special product for avocado farming called Avocado Boost Loan that finance avocado farming and the entire value chain. It offers financing for seedlings propagation, purchase of quality seedlings, irrigation systems.

It also offers finance for purchase of fertilizers and farm inputs, transportation, packaging, exporting and value addition.

Another product is the Kuku boost loan that support poultry farmers to purchase quality feeds, quality chicks. It also supports poultry farmers to purchase machineries, veterinary and insurance costs, construction of modern structures and brooders as well as manufacture of feeds.

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