K-Rep Bank
K-Rep Bank is a commercial bank in Kenya. It is one of the forty-four (44) licensed commercial banks in the country.[3]
Overview
The bank is a medium-sized microfinance commercial bank serving the urban and rural poor in Kenya, as well as financing their small-to-medium business enterprises.[4] As of December 2010[update], the total asset valuation of K-Rep Bank was in excess of US$94 million, with shareholders' equity of approximately US$35 million.[5]
History
K-Rep was founded in 1984. In the beginning, the organization provided grants and technical assistance to NGOs. The NGOs then made loans to micro-enterprises. In 1989, K-Rep changed its strategy from making grants to NGOs to lending to the NGOs. The technical assistance that had been hitherto provided for free, now attracted a fee.
In 1999, K-Rep re-organized itself into four entities:[6]
- K-Rep Group - This is the parent company. It owns, either wholly or partially, the other three subsidiaries.
- K-Rep Bank - This is the lending arm of the Group. It is the core business of the Group. In addition to K-Rep Group, the bank has several International strategic shareholders as outlined below.
- K-Rep Development Agency - This company carries out research and developmental assistance work for the Group
- K-Rep Advisory Services - This is a consulting company, which provides consultancy services for a fee.
Ownership
The bank's stock is owned by the following corporate entities: [7]
| Centenary Bank Stock Ownership |
Branch Network
As of October 2010[update], K-Rep Bank maintains branches in the following locations: [8]
- Naivasha Road Branch - Naivasha Road, Nairobi
- Mombasa Branch - Austin House, Moi Avenue, Mombasa
- Kenyatta Avenue Branch - Standard Building, Kenyatta Avenue, Nairobi
- Nakuru Branch - Gusii Road, Nakuru
- Nyeri Branch - Caledonia House, Nyeri
- Buruburu Branch - Vision Plaza, Buruburu, Nairobi
- Embu Branch - Tunjege Building, Embu
- Eldoret Branch - Kirem Arcade, Nairobi Road, Eldoret
- Naivasha Branch - Kenyatta Avenue, Naivasha
- Nyahururu Branch - Kenyatta Road, Nyahururu
- Isiolo Branch - Isilolo-Marsabit Road, Isiolo
- Meru Branch - Ghana Road, Meru
- Kitale Branch - Ndege House, Kitale
- Kisumu Branch - Kenya Re-Insurance Plaza, Oginga Odinga Road, Kisumu
- Bungoma Branch - Moi Avenue, Bungoma
- Kajiado Branch - Market Road, Kajiado
- Kibwezi Branch - Manna House, Kibwezi
- Mtwapa Branch - Malindi Road, Mtwapa
- Kericho Branch - Kuriot House, Moi Highway, Kericho
- Machakos Branch - Mbolu Malu Road, Machakos
- Moi Avenue Branch - Guilders Building, Moi Avenue, Nairobi
- Kisii Branch - Ouru Superstore House, Kisii
- Mwea Branch - Nairobi Meru Highway, Wanguru
- Nanyuki Branch - Lumumba Road, Nanyuki
- Kenyatta Market Branch - Phikago House, Lavington, Nairobi
- Kilimani Branch - K-Rep House, Wood Avenue, Kilimani, Nairobi Main Branch
- Kitui Branch - Kitui
- Kengeleni Branch - Kongowea Market, Mombasa
- Thika Branch - Harry Thuku Road, Thika
- Nkubu Branch - Nkubu
- Kangemi Branch - Kangemi, Nairobi
- Kerugoya Branch - Kerugoya-Kangumo Road, Kerugoya
- Chuka Branch - Millennium Plaza, Chuka
- Busia Branch - Green Bay Building, Busia, Kenya
Governance
The Chairman of the seven-person Board of Directors is Bethuel Kiplagat, one of the non-Executive Directors. Albert Ruturi serves as the Managing Director.[9]
See also
External links
References
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