Ladies and Gentlemen; as you are aware the legal, regulatory and supervisory regime, spelt out under the Act and Regulations, will allow regulated deposit-taking microfinance institutions to offer a variety of financial services and products including savings mobilization, credit facilities and domestic money transfer, among others to Kenyans.
I expect that many microfinance institutions and potential investors will take the opportunity to establish deposittaking business in order to enhance access to financial services and products by Kenyans. According to the Finaccess study conducted in 2006, about 38 per cent of adult Kenyans are un-served by our financial system indicating a huge market potential for the microfinance industry.