Fountain Enterprise gets CBK nod to open microfinance bank

Money Markets

Fountain Enterprise Programme chairman John Kithaka. FILE 

By GEORGE NGIGI

In Summary

• FEP maintains it will continue to operate its credit only microfinance, Fountain Credit Services, which has 16 branches across the country.

Fountain Enterprise Programme (FEP) Holdings has received temporary approval from Central Bank of Kenya to open a microfinance bank after cleaning up its shareholding list.