The project was then modified, developed and evolved into a microcredit company that was registered as a company limited by guarantee in 1999. Today, the institution boasts of 87,500 clients and an outstanding loan balance of approximately Ksh.1.1 billion.
The transformation into a deposit-taking microfinance institution will enable SMEP DTM offer savings products to its clients in addition to the loan products as well as enlarge its resource base due to the build up of deposits base. This will undoubtedly position SMEP DTM Ltd to enhance financial outreach towards becoming a major player in the microfinance sub-sector in the years ahead.