Is Rafiki microfinance a bank?

Is Rafiki microfinance a bank?

Rafiki Microfinance Bank is a microfinance institution which widens financial access for low-income communities, becoming a key catalyser of their empowerment and progress out of poverty.

Who owns Rafiki?

Rafiki was a subsidiary of Chase bank but was not bought by SBM. It is currently oversighted by KDIC as the company hunts for a strategic investor to buy out the Chase bank shareholding. Rafiki is the third largest microfinance institution in Kenya. Rafiki has 19 branches spread across 11 counties in Kenya.

How do I transfer money from mpesa to Rafiki?

Use Paybill number 802200 to send money directly to your Rafiki account.

How do I transfer money from Mpesa to my bank?

How to move money from bank account to Mpesa

1. Login to the App.
2. Go to “Payments” and select either “Pay to Saved Biller” or “One Time Bill Payment”
3. If doing One Time Bill Payment Select “Mobile Money” > “Mpesa” and enter the mobile number.
4. Select account to transfer from.
5. Input amount and description.
6. Continue.

How do I transfer money from Mpesa to bank of Africa?

How To Transfer Money From Mpesa To Bank Of Africa Account

1. Go to your Mpesa Menu.
2. Select Lipa na Mpesa.
3. Select Paybill.
4. Enter 972900 as the Business number.
5. Enter your Bank Of Africa Account Number.
6. Enter the amount you would like to deposit into your account.
7. Enter your Pin number and press OK.

Is Rafiki a real name?

The name Rafiki is primarily a gender-neutral name of African – Kiswahili origin that means Friend. Form of the name Rafiq.

How do I transfer money from my mobile phone to my bank account?

To transfer money, dial *894#, a list of options will appear including Transfer money, Withdraw money and Make purchases, pay bills, buy airtime and manage the account. To make a transfer, type 1 and send. Simply follow the instructions after and make your transfer.

Why Rafiki Microfinance Bank?

We support the growth and development of individuals, communities and MSMEs through providing integrated innovative financial solutions. Rafiki Microfinance Bank is licensed and regulated by the Central Bank of Kenya, through the Microfinance Act, 2006 (amended, 2013). It is the third largest microfinance institution in Kenya.

How many branches does Rafiki have?

Rafiki has 19 branches spread across 11 counties in Kenya. The microfinance bank uses the branches, internet banking, mobile banking, agency banking and VISA ATM network to serve customers. Rafiki offers savings facilities, credit, money transfer services, trade finance forex and banc-assurance services.

What services does Rafiki offer to its customers?

Rafiki offers savings facilities, credit, money transfer services, trade finance forex and banc-assurance services. The sectors that Rafiki is actively involved are energy, housing, trade, health, education and agriculture among others.

What is the Microfinance Bank of Kenya?

Rafiki Microfinance Bank is licensed and regulated by the Central Bank of Kenya, through the Microfinance Act, 2006 (amended, 2013). It is the third largest microfinance institution in Kenya.