Founder resilience: A lesson from Family Bank - Business Daily

Family Bank listed on the Nairobi Securities Exchange on June 23, demonstrating the resilience of founder Titus Muya. Muya was turned down for promotions due to lacking a degree, registered a banking company in 1977 that sat dormant for three years due to lack of capital, and was rejected for a banking license before switching to a building society. It was not until 2007 that the society became a bank, and almost two more decades passed before the listing. The article argues that resilience, not capital or a forgiving market, is the real secret to business success.