Sumac Microfinance Bank, a licensed microfinance institution under the Central Bank of Kenya since October 29, 2012, has been a key player in supporting low-income businesses since its inception as a credit-only provider in 2004. Headquartered on the 2nd floor of Consolidated Bank House, Koinange Street, Nairobi, Sumac operates six branches across Kenya, offering a diverse range of loan products tailored to meet the needs of entrepreneurs, farmers, and community groups. This updated guide, current as of 2025, outlines Sumac’s loan offerings and branch locations, emphasizing its commitment to fostering business growth and financial inclusion.
Sumac Microfinance Bank Loan Products
1. Inua Biashara Loan
Designed for micro and small business owners, this loan supports working capital needs and improves cash flow for enterprises such as general shops, hardware stores, Jua Kali artisans, and agribusiness traders.
- Loan Size: KES 5,000 – KES 300,000
- Security: Guarantors, business stock/assets, household chattels, or livestock (e.g., dairy cows)
- Processing Time: 48 hours
- Access Requirements:
- Established business (minimum one year)
- Sumac MFB current/savings account
- ID and PIN certificate copies
- Two passport-size color photographs
- Six months of certified bank statements
- Evidence of business needs (e.g., LPOs, LSOs, invoices)
2. Business Loan
This loan provides working capital to established entrepreneurs to scale their businesses, catering to a wide range of enterprises.
- Loan Size: KES 50,000 – KES 10,000,000
- Security: Title deeds, logbooks, shares, or fixed deposits
- Processing Time: 48 hours
- Access Requirements:
- Six months of certified bank statements
- Business licenses and permits
- Business registration certificates (where applicable)
- Sketch map of residence and business premises
- ID and PIN copies of business owners/directors
- Company PIN and certificate of registration (for companies)
- VAT certificate (where applicable)
- Resolution to borrow (for partnerships/companies)
- Memorandum and Articles of Association (for companies)
- Current tax and company returns
- Utility bills (e.g., water or electricity)
- Evidence of business activity (e.g., contracts, receipts)
- Two passport-size photos
3. Biashara Plus Loan
A flexible credit facility to support working capital and cash flow needs for established businesses.
- Loan Size: KES 50,000 – KES 2,000,000
- Security: Title deeds, logbooks, lien on fixed deposits, or shares of listed companies
- Processing Time: 48 hours
- Access Requirements:
- Established business (minimum one year)
- Sumac MFB current/savings account
- ID and PIN certificate copies
- Two passport-size color photographs
- Six months of certified bank statements
- Evidence of business needs (e.g., LPOs, LSOs, invoices)
4. Biashara Dhabiti Loan
Targeted at entrepreneurs in transportation, distribution, construction, borehole sinking, car hire, and farming, this loan supports specialized business activities.
- Loan Size: KES 50,000 – KES 2,000,000
- Security: Title deeds, logbooks, household chattels, business stocks/equipment, dairy cows, lien on fixed deposits, or shares of listed companies
- Processing Time: 48 hours
- Access Requirements:
- Established business (minimum one year)
- Sumac MFB current/savings account
- ID and PIN certificate copies
- Two passport-size color photographs
- Six months of certified bank statements
- Evidence of business needs (e.g., LPOs, LSOs, invoices)
5. Asset Finance Loan
This loan enables individuals and businesses to acquire assets such as motor vehicles, machinery, furniture, fittings, or electronics for business or personal use.
- Loan Size: KES 50,000 – KES 10,000,000
- Security: The financed asset
- Grace Period: One month
- Processing Time: 48 hours
- Access Requirements:
- Six months of certified bank statements
- Licenses and permits
- Sale agreement with vendor and 30% deposit in Sumac account
- Business registration certificates (where applicable)
- Sketch map of residence and business premises
- ID and PIN copies of business owners/directors
- Company PIN and certificate of registration (for companies)
- VAT certificate (where applicable)
- Resolution to borrow (for partnerships/companies)
- Memorandum and Articles of Association (for companies)
- Current tax and company returns
- Utility bills (e.g., water or electricity)
- Evidence of business activity (e.g., contracts, receipts)
- Two passport-size photos
6. Bridging Loan
This loan helps entrepreneurs meet urgent business needs, such as fulfilling LPOs, LSOs, licenses, or service contracts, without disrupting cash flow.
- Loan Size: Minimum KES 10,000
- Security: Title deeds, logbooks, lien on shares (NSE), fixed deposits, or dairy cows
- Processing Time: 48 hours
- Access Requirements:
- Ongoing business
- Sumac savings/current account
- Six months of certified bank statements
- ID and PIN copies
- Two passport-size color photos
- Evidence of emerging needs (e.g., LPO, LSO, service contracts, licenses, invoices)
7. Kawi Loan
A clean energy loan to finance equipment and installations like cooking stoves, biogas systems, solar panels, KPLC connections, or generators.
- Loan Size: KES 2,000 – KES 1,000,000
- Security: Title deeds, logbooks, lien on shares (NSE), fixed deposits, or dairy cows
- Grace Period: One month
- Processing Time: 48 hours
- Access Requirements:
- Resolution to borrow (for partnerships/companies)
- Memorandum and Articles of Association (for companies)
- Current tax and company returns
- Utility bills (e.g., water or electricity)
- Evidence of business activity (e.g., contracts, receipts)
- Two passport-size photos
8. Kilimo Biashara Loan
This agricultural loan supports activities like livestock purchases, animal feed, and horticultural crop cultivation.
- Loan Size: KES 5,000 – KES 300,000
- Security: Dairy cow insurance (Sumac as first claimant), chattels mortgage on dairy cows
- Processing Time: 48 hours
- Access Requirements:
- Ongoing agribusiness project
- Sumac savings account
- Six months of certified bank statements
- ID and PIN copies
- Two passport-size color photos
9. Nafaka Biashara Loan
Tailored for cereal farmers facing collateral constraints, this loan supports post-harvest credit needs for crops like wheat, rice, maize, sorghum, millet, barley, beans, and coffee.
- Loan Size: KES 5,000 – KES 5,000,000
- Security: Stock insurance, original warehouse receipt, signed verification form (witnessed by a commissioner for oaths)
- Processing Time: 48 hours
- Access Requirements:
- Ongoing cereal farming for at least three seasons
- Two consecutive previous warehouse receipts
- Sumac savings/current account
- Six months of certified bank statements
- ID and PIN copies
- Two passport-size color photos
- Lease agreement or title deed for the land
- Evidence of other income-generating activity
10. Jumuia Loan
This loan supports development projects and asset purchases for churches and registered groups.
- Loan Size: KES 50,000 – KES 10,000,000
- Security: Title deeds, logbooks, shares, fixed deposits
- Processing Time: 48 hours
- Access Requirements:
- Six months of certified bank statements
- Registration documents
- Resolution to borrow and group minutes
- Trust deed and constitution
- ID and PIN copies of officials/signatories
- Two passport photos for each signatory
11. Peppea na Karo Loan
This loan helps customers cover school fees for their children or themselves.
- Loan Size: KES 5,000 – KES 300,000
- Security: Logbook, shares, or land title deed
- Processing Time: 48 hours
- Access Requirements:
- Certified fee structure/proforma invoice
- Six months of certified bank statements
- ID and PIN copies
- Two passport-size color photos
12. Landlord Loan
Available to landlords to support business expansion or property-related needs.
- Loan Size: Up to KES 1,000,000
- Grace Period: One month
- Processing Time: 48 hours
- Access Requirements:
- Deed of Rental Assignment and Tripartite Agreement on rental collection
- Rental house insurance (for amounts above KES 500,000)
- Six-month rental collection agency relationship
13. Overdraft Facility
This facility helps customers manage cash flow, fulfill LPOs, LSOs, and meet urgent business needs, targeting tenderpreneurs, farmers, traders, contractors, and suppliers.
- Overdraft Size: KES 5,000 – KES 500,000
- Duration: 1–12 months
- Security: Title deed, shares, fixed deposit, or dairy cows (insured, with Sumac as first claimant; max KES 50,000 for dairy cows)
- Processing Time: 48 hours
- Access Requirements:
- Title deed, shares, fixed deposit, or insured dairy cows
Sumac Microfinance Bank Branch Network
- Head Office
- Location: Consolidated Bank House, 2nd Floor, Koinange Street, Nairobi
- Contacts: 0725 223 499, 020 224 9047, 0738 637 245
- Email: [email protected], [email protected]
- Koinange Branch
- Location: Ground Floor, Nginyo Towers, Koinange Street, Nairobi
- Contacts: 0776 231 372, 0790 806 330
- Email: [email protected]
- Ngara Branch
- Location: Ground Floor, Magu House, Park Road, Nairobi
- Contacts: 0736 223 494, 0770 937 199
- Email: [email protected]
- Nakuru Branch
- Location: Ground Floor, Dimu House, Kenyatta Avenue, Nakuru
- Contacts: 0743 946 469, 0751 284 141
- Email: [email protected]
- Githunguri Branch
- Location: Opposite Githunguri Police Station, Githunguri
- Contact: 0776 231 374
- Email: [email protected]
- Thika Branch
Additional Information
Sumac Microfinance Bank continues to expand its footprint, with plans to open additional branches in regions such as North Rift, Central Kenya, Mombasa, and Western Kenya. In 2025, the bank’s acquisition of a 78% stake by Moniepoint Inc., a Nigerian fintech firm, marks a significant milestone, enhancing its capacity to deliver innovative financial solutions. Sumac’s commitment to fast processing (48-hour turnaround), competitive interest rates, and flexible products has earned it accolades, including 2nd Runners-Up in the 2024 Think Business Banking Awards for Best Microfinance Bank in Kenya. For the latest updates on loan products, branch services, or mobile banking options, contact Sumac or visit their official website.
READ MORE: List of SMEP Microfinance Bank Loan and Branches in Kenya
