Caritas Microfinance Bank received multiple awards during this year’s Think Business Banking Awards.
The awards, which were held under the theme Innovate-Diversify-Grow saw Caritas emerge the Overall Best Microfinance Bank and the Fastest Growing Microfinance Bank in Kenya.
The lender also became 1st Runners-Up in the Most Efficient Microfinance Bank and in Customer Satisfaction categories.
Caritas Microfinance Bank chief executive officer David Mukaru attributed the victory to the lender’s 8 years of focused faith-based business model, and dedicated the win to all of their customers.
Since being licensed in 2015 by the Central Bank of Kenya (CBK), the Microfinance Bank has been experiencing exponential growth, something that can be attributed to the massive success.
The annual Think Business Banking Awards is renowned for acknowledging organizations in the banking industry across the country based on a comprehensive analysis of institutional value, quantitative and qualitative metrics, customer value, and sustainable excellence.
The 2023 edition marks the 18th consecutive year that the Think Business Banking Awards is positively contributing to the transformation of the banking sector by recognizing and awarding exemplary performance.