Microfinance banks’ losses surge amid need for capital injections

Central Bank of Kenya building in Nairobi

Micro-finance banks (MFBs) faced a tough terrain last year as the search for profits eluded more than half of the institutions.

Data on the 10 out of the 13 MFBs regulated by the Central Bank of Kenya (CBK) for the year ended December 31, 2017 shows that six of them suffered losses while one saw a decline in profits.