Founded by Diaspora and Kenyans; the Microfinance Bank will anchor the finance plan of the Diaspora University Town project of:
The Microfinance Bank (MFB) will make the following resources productive:
The Diaspora in next five years (2020 – 2024) are projected to remit over Kshs 1.5 trillion. The Bank will make Diaspora money productive through Jobs Creation and Houses development.
The biggest loss in Kenya is the unproductive human resource. Kenya in current year is estimated to lose about 10 billion hours of human resource worth about Kshs 10 trillion. The Bank through jobs creation and houses development will make the human resource productive.
An article in the Kenya Treasury website reads that when Kenya Government put the Eurobond of $2.1 billion dollars; investors offered $9.5 billion dollars. This shows $7.4 billion (Kshs 740 billion) available Global finance. The bank will make this Global Finance resource productive when applied to Jobs creation and Housing development.
The founder’s goal is to advance Constitutional rights through Jobs Creation and Houses Development.
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