Our team
Directors:
Patrick Karanja.
Patrick Karanja is the Chairman of the Board of Directors. He has wealth of experience in Finance, Insurance, Corporate Governance, Strategic Management and Regulatory matters. He has over thirty years’ experience from both the public and private sectors which have been of great value add to the Bank. Patrick worked in various private sector firms in Kenya and outside the country amongst them Haco Industries, Toyota Kenya and Castle Breweries. In the Public sector he was a consultant in the establishment of Public Procurement Regulatory Authority (PPRA). He is currently the CEO of Kamp Insurance Agency, Captain of Thika Greens Golf Resort & a founding Board member of Kigumo Girls Secondary School. He engages in tea and dairy farming in Murang’a County. His Academic and Professional qualifications are Bachelor of Commerce (Finance) from University of Nairobi, CPA (K), CPS (K) & Post Graduate Diploma in Computer Based Information Systems from University of Sunderland. The Bank draws leadership & wisdom from his experience and professional backgrounds.
Eng. Peter M. Kanyugi.
Eng. Kanyugi is the Chairman of the Bank’s Special Board Committee that looks at emerging issues relating to the Microfinance Sector and sits in the Bank’s Credit as well as Finance, Administration and Strategy Committees.
He previously chaired the Bank’s Ad Hoc Project Committee that oversight the renovation of the place of business before licensing. Eng. Kanyugi is the Chairman of the Bank’s Promoter (Akuria Investments PLC), an investment company in real estate across Muranga and Nairobi Counties. Besides spearheading the Promoter’s investments, he is a shrewd businessman in real estate, construction, and agriculture sectors. A seasoned tea and dairy farmer who has previously served as Chairman of Makomboki Tea Factory and a member of the Board of Gacharage Tea Factory, invaluable experiences that he brought with him during the research and development of our flagship products. He holds a BSC in Civil Engineering from University of Nairobi and several management courses.
Lydia Kibaara.
Lydia is the torch bearer of the Bank’s vision. As the founder Chief Executive Officer, she was instrumental in the MFB’s set-up including capital raising, development of strategic and business plans and staff recruitment. She brought with her a wealth of experience from the Microfinance industry having served as the founder C.E.O. of Remu Microfinance Bank (Now KEY MFB) licensed in 2010 and the commercial banking sector having worked with Barclays Bank Plc in various capacities for a period spanning over 15 years. Ms Kibaara served as a board member of Association of Microfinance Institutions (AMFI) between 2012 and 2015 during which time the association spearheaded the first East African Regional Microfinance Summit in Nairobi and amendment of the Microfinance Regulations, 2013. Lydia holds a Master’s Degree in Sociology (Community Development & Rural Sociology), UON and an Executive MBA from JKUAT.
Joseph M. Mahinda.
Mr. Mahinda is a member of the Credit Committee and which was instrumental in the development of credit products, lending policy and credit administration procedures and oversights credit portfolio management. Mr. Mahinda is a shrewd businessman in the hospitality, real estate and agribusiness sectors spread across Nairobi and Nakuru Counties. His background in quality control and management within the private sector is a great value add to the committee’s oversight role on credit product development and portfolio management. Mr. Mahinda holds a Bachelor of Education Degree from University of Nairobi and several management courses.
Patrick Rono.
Mr. Rono is a member of the Board Audit & Risk Committee and also sits in the Ad hoc ICT Committee put in place to oversight implementation of ICT infrastructure and Cyber Crime risk mitigation policy. Mr. Rono is an Advocate of the High Court of Kenya and a seasoned Banker. He brought with him wealth of experience on compliance, legal and regulatory requirements from his practice as Managing Partner, Patrick Rono & Co. Advocates and KCB Bank, where he worked for over 20 years in various managerial positions including Head of Operations and Operational System Re-engineering. He holds a Bachelor of Laws degree and Bachelor of Arts both from Nairobi University.
CPA, Henry Gathogo Kimani.
CPA Henry Gathogo Kimani is a Certified Public Accountant (CPAK), a Certified Information Systems Auditor (CISA), and holds a degree in Bachelor of Commerce
(Finance). Henry is a practicing member of the Institute of Certified Public
Accounts (ICPAK) and is a member of the Institute of Internal Auditors (IIA).
He is currently the proprietor and managing partner of Gathogo &
Associates, a professional audit and accounting firm registered in Kenya
offering broad range of professional services ranging from Accountancy,
Audit, Tax and Financial Advisory Services to a wide range of clients in both
for profit and not for profit sectors.
CPA, Erastus M. Kiriro.
Mr. Erastus Muiruri Kiriro brings a wealth of expertise and experience to his role as the Chairman of the Board Credit Committee. He holds a Master of Science degree in Finance & Investment, underscoring his advanced knowledge and analytical skills in the field. His academic foundation is further solidified by a Bachelor of Commerce degree with a specialization in Finance, providing a comprehensive understanding of financial principles and practices.
In addition to his academic achievements, Mr. Kiriro is a Certified Public Accountant (CPAK), which attests to his professional competence and ethical standards in accounting and finance. His qualifications reflect a deep commitment to excellence and integrity, making him a highly respected figure in the financial sector.
Margaret Makanga.
Mrs. Makanga is a member of the Board Audit & Risk Committee, and also chairs of an Ad Hoc Committee on ICT that has been mandated to deliver the ICT infrastructure for efficient delivery of service and Cyber Crime risk mitigation policy. She is an ICT specialist and Strategic Management consultant. She has worked as a business manager and trainer in the private sector for many years and handled various organizational functions. She has extensive experience working within multicultural and multidisciplinary environments from her time living outside Kenya. She holds an MBA (Strategic Management) from Daystar University as well as an Associate Degree in Information Technology from Lansing Community College, and is a full member of the Kenya Institute of Management.
Edith Wathira Ngugi.
Ms. Edith Wathira Ngugi is a distinguished professional with an impressive academic and professional background. She holds a Master of Science degree in Finance & Investment, showcasing her advanced expertise in financial analysis and strategic investment planning. Her educational journey began with a Bachelor of Commerce degree specializing in Finance, providing a solid foundation in financial management and economic principles.
Ms. Ngugi is also a Certified Public Accountant (CPAK), a testament to her professional proficiency and adherence to the highest ethical standards in accounting and finance. Her qualifications highlight a commitment to excellence and integrity, positioning her as a highly esteemed member of the financial community.
Management Team.
Lydia Kibaara
Lydia is the torch bearer of the Bank’s vision. As the founder Chief Executive Officer, she was instrumental in the MFB’s set-up including capital raising, development of strategic and business plans and staff recruitment. She brought with her a wealth of experience from the Microfinance industry having served as the founder C.E.O. of Remu Microfinance Bank (Now KEY MFB) licensed in 2010 and the commercial banking sector having worked with Barclays Bank Plc in various capacities for a period spanning over 15 years. Ms Kibaara served as a board member of Association of Microfinance Institutions (AMFI) between 2012 and 2015 during which time the association spearheaded the first East African Regional Microfinance Summit in Nairobi and amendment of the Microfinance Regulations, 2013. Lydia holds a Masters Degree in Sociology (Community Development & Rural Sociology), UON and an Executive MBA from JKUAT.
Carolyne Ngeru
Carolyne is an ICT guru with a wealth of knowledge and hands on Information Technology and Banking having gained most of her experience spanning over 8 years at various financial institutions including Springboard Capital. Carolyne holds a Bachelor of Science degree in Information Technology from Jomo Kenyatta University of Agriculture & Technology (JKUAT).
Tabitha Ndungu.
Tabitha is a Risk and Compliance Manager with over four years of experience in the banking industry. She specializes in risk assessment, regulatory compliance, and developing and implementing robust risk management frameworks. Her expertise lies in identifying potential risks, ensuring regulatory compliance, and fostering a culture of integrity and accountability within the organization. She is committed to ensuring the bank operates within all legal and regulatory guidelines while minimizing risk exposure.
Tabitha holds a Bachelor's degree in Purchasing and Supplies Management from Chuka University, a CPA II Certificate, and a Banking Risk and Compliance Masterclass Certificate. She is currently taking an ongoing Financial Risk and Regulations Certification course.