The Central Bank of Kenya has given its approval to Choice Microfinance Bank to conduct microfinance business in Kenya. This is after the Rongai-based institution fulfilled regulatory requirements.
“The Central Bank of Kenya (CBK) has granted a licence to Choice Microfinance Bank Limited (hereafter referred to as ChoiceMFB) to carry out community microfinance banking business,” CBK said in a statement. “Choice MFB intends to operate in Kajiado North constituency, Kajiado Country.”