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.

George Maina

Vice Chair

Mr. Maina joined Caritas Microfinance Bank in September 2013. He has over 20 years’ hands-on experience in Microfinance having worked in several roles at different levels of seniority. He has held senior positions at some of the leading Microfinance Banks in Kenya namely Faulu, SMEP and K-rep. George was the founding CEO of Musoni Kenya the first mobile phone based MFI. He has ample experience in microfinance start- up operations and capacity building for MFIs. Mr. Maina holds a Bachelors’ Degree in Economics and a Masters’ Degree in Agricultural Marketing & Management.

Mary Munyiri


Mary has been a practitioner in Microfinance Industry for over 20 years. Prior to joining ECLOF KENYA on 22nd February 2011 as a CEO, she was the Head of Business Development Department in Faulu Kenya Microfinance Bank. The following are some of her academic and professional achievements; Masters in Banking and Finance (MF Option) from Moi University, Bachelor of Business Administration from Kenya Methodist University, Higher Diploma in Psychological Counseling from Maranatha Institute of Counseling and Training, Diploma in Management from Kenya Institute of Management (KIM) as well as Certified Public Accounting (CPA). Her passion is in leadership capacity building and institution development.

Philip Ochola


Philip Ochola is a Kenyan aged 50 years. He has held senior management positions in the Micro Finance and Banking sectors for over 15 years. He joined VisionFund International in October 2012 from Jamii Bora Bank where he was serving as the Chief Operations Officer. He is currently the Chief Executive Officer of VisionFund Kenya since January 2014. Prior to joining VisionFund Kenya, he served as the Interim Chief Executive Officer of VisionFund Rwanda and as the Deputy Regional Director for East Africa with VisionFund International. Philip has attended the Harvard Business School’s Advanced Management Programme in Strategic Leadership for Micro Finance. He also holds an MSc Degree in Sustainable Infrastructure (Sweden), MA Degree in Population Studies and BA Degree in Sociology and Anthropology both from the University of Nairobi.

Patrick Gathondu


Patrick firmly believes in the ability of microfinance to contribute to development and alleviate poverty. He has worked in the microfinance sector from the year 2003, building an illustrious career from a loans officer. Has held various responsibilities including; Accountant, Branch Manager, Internal Audit Manager and is currently The Chief Executive Officer of BIMAS Kenya Limited. He holds a Bachelor of Arts (Economics & Sociology) degree from the University of Nairobi, an MBA in Strategic Management from Kenya Methodist University and is currently pursuing a Doctorate degree in Business Administration (Leadership and Change Management) at USIU. Patrick is a professional accountant (CPAK) and a full member of the Kenya Institute of Management.

Simon Gathecah


Simon is a Microfinance Banking practitioner and a Business Strategist with 18 years of experience in the financial services sector. His experience ranges from strategy development and implementation, to business development, retail banking, operations, risk management, auditing, and accounting. Simon’s aspiration is to empower the small income enterprise segment to realize their dreams. He is a husband and father of two, and actively engaged in church and several charitable causes.

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.

Ireneus Gichana


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.

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.


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 15 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 15 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.