1971 - 1997
The birth of a vision
In the early 1980s, a seed was planted, one that would grow into a financial institution dedicated to uplifting communities.
The vision was sparked by the Servant of God, Maurice Cardinal Otunga, the first African Bishop in Kenya. He understood the socio-economic struggles faced by many families, believed in the power of self-reliance, and in 1983 pioneered the first Self Help Group (SHG) at Kiriko Parish, Gatundu North.
With the guidance of Fr. Mukui and the unwavering faith of Kiriko Parish Christians, the spirit of collective financial empowerment was born.
Parishioners contributed as little as Kes. 20 each, raising a total of Kes. 680, which was deposited at KCB Thika Branch. This small act of unity laid the foundation for a movement that would later shape financial inclusion across Kenya.
As the Self Help Group model flourished, its impact spread beyond Kiriko Parish, reaching parishes and outstations across the Archdiocese of Nairobi.
For over 30 years, the Self Help Program continued to thrive, focusing on savings, credit access, and financial empowerment, particularly for women and marginalized communities.
1983
First Self Help Group founded at Kiriko Parish, Gatundu North
Kes. 680
Raised from contributions of Kes. 20 each
June 2015
Licensed by the Central Bank of Kenya
Recognizing the profound link between financial access and poverty reduction, His Eminence John Cardinal Njue envisioned a microfinance bank to serve the growing needs of these communities. This vision was embedded in Caritas Nairobi’s Strategic Plan 2009-2013, setting the stage for the formation of Caritas Microfinance Bank. After years of planning and dedication, the dream was realized in June 2015, when the bank was officially licensed by the Central Bank of Kenya.
From a humble savings initiative in 1983 to a fully-fledged microfinance bank in 2015, the journey of Caritas Microfinance Bank is a testament to faith, resilience, and the power of community-driven financial solutions.
