SMEP Microfinance Bank Limited is a public limited company incorporate under the companies Act (Cap 486) and licensed under the Microfinance Act (Cap 493D) regulated by the Central Bank of Kenya[1] to offer banking services focusing on group banking, SME and church banking. SMEP has a subsidiary company, SMEP Insurance Agency, which provides insurance services to diverse customer insurance needs
Overview
SMEP offers retail banking and asset finance to individuals, groups, corporations and churches.[2] The term SMEP is derived from "Small and Micro Enterprise Programme". As of May 2019 SMEP had 19 banking branches, supported by 11 marketing units and over 40 SMEP agents around Kenya.[2]
History
SMEP Mircofinance Bank started out in 1975 as a relief arm of the National Council of Churches of Kenya (NCCK). This program's objective was to feed the poor people in Nairobi's