Foundation Partner Sumac Wins 4 Awards at the 2022 Think Business Banking Awards

Sumac Microfinance Bank, a partner of the Grameen Crédit Agricole Foundation, has been recognized with four different awards at the 2022 Think Business Banking Awards, a strong signal of the bank's steady growth in recent years.

Sumac emerged victorious in the Agriculture and Livestock Finance [microfinance banking sector] category for the third time, having previously won the award in 2019 and 2021. The bank was also declared 2nd runner-up for Best Microfinance Bank in Kenya. This is the first time Sumac has received this award. Two other awards were also presented for Most Efficient Microfinance Bank and Fastest Growing Microfinance Bank in Kenya. Sumac came second in both categories.

” We are absolutely delighted with these awards ", said Eva Wambui Muchina, head of business development at the bank, during the awards ceremony. This demonstrates the trust our clients place in us. From this perspective, we can only improve every day as we enhance our service delivery to our clients. We dedicate this award to all our shareholders, the board of directors, management, and staff, and most importantly, to our clients who have made us number one. We thank you all. “.

Over the years, Sumac Microfinance Bank Ltd has developed a wide range of products including various accounts, loan products, forex, trade finance, and bancassurance. In 2018, Sumac was recognized as the second fastest-growing microfinance bank in Kenya at the Annual Think Business Banking Awards.

In 2019, Sumac Microfinance Bank Ltd was recognized as the best microfinance bank for agriculture and livestock financing, while in 2021, Sumac was recognized as the most efficient microfinance bank in the country, while remaining at the top in agriculture and livestock financing.

More information about Sumac here.

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Source: SUMAC website