At 18, Titus Muya had ambitions of owning a bank after reading a business article which sparked his interest in starting a financial company. Family Bank founder Titus Muya: Photo: UoN. Source: Twitter After completing high school, Muya secured a job but remained stagnant in his career growth since he lacked higher education credentials. Muya recalled how he was humiliated by his boss because he had no degree. “When I asked my boss why I was not being promoted, I was advised I was not a university graduate. I was told since I was not a university graduate, promotions coming to me in the future would be few and far between,” he said, as reported by Bizna Kenya. Having faced humiliation, he wanted to give up, but since he was the breadwinner in his family, he had to soldier on. How Titus Muya founded Family Bank Family Bank noted his determination saw him visit the National Treasury every Thursday to confirm if he had been awarded a licence. In 1977, fifteen years after he got the idea of starting a bank, the businessman founded the Family Finance Building Society after his licence application was turned down. By 2005, the Family Finance Building Society had over 30 branches across the country. In 2007, the company received a nod from the Central Bank of Kenya (CBK) to convert to a bank. Family Bank now boasts over 90 branches across the country and counting. It employs over 1,500 staff. “I would like to encourage you to never give up on your dream. Be patient in what you do, put in the effort and always go an extra mile. As you progress as an entrepreneur, also learn to give others an opportunity to grow by recognising when to leave the table and let others bring in new ideas,” the business mogul said. Who founded Equity Bank? In related news, Peter Munga founded Equity Bank (previously Equity Building Society) in 1984. He retired as the bank’s chairman in 2018, aged 75. According to Forbes, Munga owns a 0.4% stake in the lender worth $5 million (KSh 726 million) after selling most of his shares. Besides Equity, the 80-year-old is a major shareholder in Britam Holdings (over KSh 500 million value) and Equatorial Nut Processors. BY TUKO NEWS