SMEP DTM OBTAINS LICENSE MOMBASA DTM LAUNCH EXECUTIVE BANKING HALL
SMEP DTM LTD obtains DTM license
SMEP DTM LTD is now licensed by the Central Bank of Kenya to carry out nationwide deposit taking. SMEP becomes the THIRD institution to be licensed as a nationwide DTM and the fourth MFI to be licensed.
Read the press release hereWelcome to SMEP DTM LTD
SMEP DTM LTD is a licensed Deposit Taking Microfinance (DTM) institution. The company was licensed as a DTM on 14th December 2010 after operating as a credit only MFI since April 1999 when it was registered as a company limited by guarantee.
From a humble beginning operating as a small project of the National Council of Churches of Kenya (NCCK),the company has grown into where it is now. The Project started as a relief arm of NCCK providing the poor in the slum areas in our towns especially Nairobi with food and later small business grants.
It was later recognized that the project could not continue feeding people endlessly and therefore ways and means had to be sought out to make people participate in meeting their daily needs and avoid dependency.
Don’t give fish but teach people how to fish became the philosophy and gospel of SMEP. It is in this spirit that the credit scheme was born.
