AMFI Kenya


Since our inception, we have continued to play a major role in the development of the industry with a broad mandate of promoting a conducive environment for the development of MFIs, clients and the business environment.


The Association for Micro-finance Institutions (AMFI) is a member-based organization that was established and registered in 1999 under the societies Act, with the aim to build the capacity of the Kenyan Micro finance Industry. Since its conception AMFI-K has continued to play a major role in the development of the industry with a broad mandate of promoting a conducive environment for the development of MFIs, clients and the business environment.

The membership of AMFI-K is varied but focuses on institutions which provide micro finance services to the lower pyramid of the society.


To champion the aspirations of micro finance institutions through advocacy, capacity building, linkages and research.


To be the network of choice that promotes a conducive environment for micro finance providers in Kenya.


Caroline Mulwa


Caroline is the Country Manager of Oikocredit, responsible for developing Oikocredit’s lending portfolio in Kenya. She has a combined wealth of 17 years experience in the banking and development finance sectors. She possesses expertise in relationship building and structuring lending propositions that drive portfolio growth whilst delivering social impact.Caroline is a graduate of University of Nairobi with a major in Sociology.

James Mugambi


Mr. James Mugambi is a Founder of Premier Group (the holding company of Premier Credit in Kenya and Uganda) and serves as Managing Director of Premier Credit in Kenya. Prior to setting up Premier Group Mr. Mugambi served as Executive Director of Kenya of Micro Africa Limited – Kenya Operation and Non-Executive Director in the subsidiaries in Uganda, Rwanda, Tanzania and South Sudan. He also previously served as the Head of Business Development of Uganda Microfinance Ltd (The Present day Equity Bank Limited). Prior to joining Micro Uganda/Africa, Mr. Mugambi has held various positions of responsibility both in Finance and Administration in various companies - Camac Kenya Ltd – An American Commodity Trading Company, Air East Africa – A Regional Cargo Airline contracted by Lufthansa Cargo LCAG, Jovenna East Africa Limited – A Petroleum Trading Company from South Africa. He is a qualified accountant (CPA) and holds a Diploma in Microfinance; and a MBA Finance and Accounting. Mr. Mugambi is a passionate entrepreneur whose commitment is in supporting entrepreneurs to turn their dreams into reality.



Jane Mwangi is the Acting CEO of Daraja Microfinance Bank Limited. She assumed the role in July 2019. Prior to that, she held the position of a Business Manager-Lending from February 2017 to June 2019 at the same institution. Previously, she worked for SMEP microfinance bank between 2013 and 2017 as a Regional Team Leader, Equity bank Limited between 2007 and 2013, in Credit Department where she held different capacities. Agakhan Development Network, Microfinance section from 2004 to 2007 and Frigoken Company Ltd Quality control department from 2003 and 2004. Jane holds a Bachelor of Science degree from Kenyatta University.

Bernard Kivava


Bernard has over 17 years experience in the microfinance industry. He is the Chief Executive Officer at Juhudi Kilimo a microfinance company that focuses on rural smallholder farmers and micro entrepreneurs. Prior to Juhudi Kilimo, Bernard held numerous leadership positions, notably at Faulu Kenya as the Head of Business Development and as Chief Executive Officer at Letshego Rwanda Limited. During his tenure at Letshego and Faulu, Bernard played a pivotal role in supporting both companies achieve stunning business growth in a rapidly changing, competitive and demanding business environment. He has an MBA in strategic management and a Bachelor of Arts degree from Moi University.



Mr. Gichana was elected as a board member to the AMFI-Kenya Board on 26th May 2017. Mr. Gichana is the Chief Executive Officer and Executive Director of Maisha Microfinance Bank Limited, the 13th Microfinance Bank to be issued with a deposit taking license by Central Bank of Kenya. Mr. Gichana is a seasoned banker with a working experience in both microfinance and conventional banking spanning over 24 years. Previously Mr. Gichana worked at Faulu Microfinance Bank Limited as Head of Operations between 2010 and September 2015. Mr. Gichana has also worked with Standard Chartered Bank of Kenya Limited in various positions, including Head of Branch Operations and Service Delivery responsible for the branches network, as well as Risk Enhancement Project Manager-East Africa.



John K Kariuki (Kenyan) is the founder and Chief Executive Officer of FinCredit® Limited and FinCredit® Uganda Limited. He is also a former Managing Director of AAR Health Services. He studied at Warwick University, UK and holds a BSc. Honours degree in Applied Mathematics and an MBA. He has over 30 years’ senior management experience covering, the IT industry, healthcare, manufacturing and banking. He is credited for being amongst those who pioneered the credit card industry in Kenya and was at one time on the Board of MasterCard for the Middle East & Africa region. He is a shareholder of both FinCredit® Limited and AAR Holdings and sits on the Board of the Association of Microfinance Institutions of Kenya (AMFI Kenya). Mr Kariuki is also a member of the Governing Council of the Credit Information Sharing Association of Kenya. He has previously served on the global YouthSave Expert Advisory Board and its Kenya Country Advisory Board. YouthSave was a project dedicated to developing and testing savings products accessible to low-income youth in Colombia, Ghana, Kenya and Nepal. The YouthSave Consortium included Save the Children, the Centre for Social Development at Washington University in St Louis, the New American Foundation, and CGAP (the Consultative Group to Assist the Poor).



Mr. Said is an established leader, known for being results-driven, dynamic and highly entrepreneurial. He has vast experience in establishing businesses, building teams, identifying and capitalizing on business opportunities. He has passion for financial inclusivity and technological innovations that solves the world’s biggest problems. He is the founder and Group CEO of Hazina Development Trust Limited, the first credit only microfinance institution in Kenya operating under the principles of Islamic Finance. Prior to setting up Hazina Microfinance, he served Fursa Leo Limited as the ICT & Operations Manager and last as the General Manager. He has also worked at Fidelity Commercial Bank Limited (currently SBM Kenya) in Nairobi rising through the ranks from a Management Trainee to being the Head of ICT. Mr. Said is also a co-founder and Chairman of Intrasoft Technologies Limited; an ICT solutions company building systems for social enterprises not limited to financial inclusion, education and healthcare. He also serves as a Board Member for Sheikh Khalifa Bin Zayed Al-Nahyan Secondary & Technical School, Chairman of Mazrui Cultural & Welfare Society and a Patron at Imara Jamii Organization in Mombasa. His effective involvement with the Coastal communities has earned him stature. Zayyad is an MBA (Strategic Management) finalist from the University of Nairobi. He also holds a Bachelor of Science (Hons) in Software Engineering with Multimedia from Lim Kwok Wing University of Creative Technology in Malaysia. He has also acquired certification in Islamic Finance from AlHuda Centre of Islamic Banking & Economics (CIBE) in Dubai. LinkedIn: Facebook: Twitter:



Adam Kasaine is the CEO of Letshego Kenya (“Letshego Kenya Ltd”) and responsible for developing and executing Letshego’s country strategy in line with the Group’s regional strategy to increase access to simple and appropriate financial solutions for underserved communities across Africa. Letshego is an inclusive finance group which originated in Botswana 20 years ago, is listed on the Botswana Stock Exchange and currently has a footprint in 11 Sub Saharan African markets. Letshego Kenya currently has a team of more than 220 people, and supports more than 26,000 customers in both the government and Micro and Small Entrepreneur (MSE) segments. Adam joined Letshego in May 2017 and has over 17 years of financial and banking experience, with a specific focus on the SME sector. Prior to joining the inclusive finance group, Adam was the Head of Retail for Bank of Africa, following former senior roles in Consolidated Bank and K-Rep Bank in Kenya. Adam has a Master’s Degree in Strategic Management, BSc Business Administration, a Post Graduate Diploma in Human Resource Management, a Diploma in Business Administration and is currently pursuing a CIMA qualification. Adam is married with two children. He loves playing and watching golf and football. Nationality: Kenyan Residence: Nairobi, Kenya

Apollo Njoroge


Apollo is an experienced financial executive with over 24 years’ experience in Retail, Micro, Small and Medium Enterprises Banking across East Africa. He joined Faulu Microfinance Bank Limited as the Managing Director and Chief Executive Officer. Prior to his appointment, he was Acting Managing Director, Equity Bank in Uganda, where he also held the positions of Executive Director and Chief Operations Officer. He has held the following positions at Equity Bank in Kenya; General Manager in charge of Business Relationships and Head of Business Growth & Development. He has also worked in African Banking Corporation Limited and Investments & Mortgages Bank. Apollo’s achievements during his tenure at Equity, were commendable and include: Strategy formulation and implementation which led to the acquisition of a micro finance institution in Uganda and its eventual growth into a fully-fledged profitable bank in the top ten (10). He is also credited with leading the change process for the rollout of a new banking software, documentation of procedures and supporting the team to transition to a commercial bank.He is a Graduate of IESE Business School in Spain Masters’ Degree in International Business Administration (Finance Option),United States International University, Executive Management- Strathmore Business School, Bachelor of Science Degree (Hons) in Mathematics and Physics University of Nairobi


Caroline Karanja

Chief Executive Officer

Caroline is currently the Chief Executive Officer of the Association of Microfinance Institutions in Kenya (AMFI-K). She is a graduate of the United States International University Africa (USIU-A) with a major in International Business Administration - finance option.She has over 19 years of work experience both in the banking and microfinance sectors. Caroline is a result focused manager with a desire to exponentially grow and have a lasting positive impact on the association and the microfinance sector.

Shadrack Mithika

Programs Manager - Finance and Performance Management

CPA Shadrack Mithika heads Finance Function at AMFI and in charge of industry`s data collection, analysis and publication. He has over 17 years hands on experience in finance with a wide knowledge of the financial sector. He is a graduate of Business Administration from Kenya Methodist University (BBA Accounts and Finance with First class Honors, Master of science in Finance (Finance and investments) from the University of Nairobi and Currently Pursuing PHD in Business Administration (Finance option) at the University of Nairobi. Shadrack is a professional accountant(CPA-K) and a member of the institute of certified public accountant of Kenya (ICPAK) and pursuing CSIA (Certified Securities and Investment analyst of Kenya Part 2)

Nancy Chotero

Programs Manager - Administration

Having served for a period of seven years as Human Resource and Administration officer. She holds a Bachelor of Business Administration Degree in Human Resource Management and a higher Diploma in Business Management. She is currently pursuing Postgraduate studies in Master of Arts- Project Planning and Management at The University of Nairobi.

Pauline Adhiambo

Administration Officer

Pauline is the administration officer at AMFI-K. She has a diploma in Business Administration. She is detail-oriented, comfortable at multi-tasking, with more than 11 years’ experience in administrative role.

Paul Karanja

Administration Assistant

Paul is the Administrative assistant for the association. He has held the position since 2011 when he joined the Institution.


AMFI advocates for appropriate changes in legal and regulatory environment to ensure its members operate competitively and to create awareness among policy makers, development partners, and the general public about the role of microfinance in poverty alleviation and employment creation in Kenya.

AMFI provides its members with a package of capacity building programmes to enable them develop skills and capacity to provide financial services to the poor.

AMFI provides regular platforms for its members to enhance effective collaboration among themselves and with other development actors and stakeholders.

AMFI provides its members with timely high quality research that help underpin some of its result areas such as Policy and Advocacy through partnership with research organizations.