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AMERMS Workshop 6: Microfinance in Rural Areas and Arid and Semi-Arid Land (PPT by Mwangi Githaiga)
AMERMS Workshop 6: Microfinance in Rural Areas and Arid and Semi-Arid Land (PPT by Mwangi Githaiga)
AMERMS Workshop 6: Microfinance in Rural Areas and Arid and Semi-Arid Land (PPT by Mwangi Githaiga)
AMERMS Workshop 6: Microfinance in Rural Areas and Arid and Semi-Arid Land (PPT by Mwangi Githaiga)
AMERMS Workshop 6: Microfinance in Rural Areas and Arid and Semi-Arid Land (PPT by Mwangi Githaiga)
AMERMS Workshop 6: Microfinance in Rural Areas and Arid and Semi-Arid Land (PPT by Mwangi Githaiga)
AMERMS Workshop 6: Microfinance in Rural Areas and Arid and Semi-Arid Land (PPT by Mwangi Githaiga)
AMERMS Workshop 6: Microfinance in Rural Areas and Arid and Semi-Arid Land (PPT by Mwangi Githaiga)
AMERMS Workshop 6: Microfinance in Rural Areas and Arid and Semi-Arid Land (PPT by Mwangi Githaiga)
AMERMS Workshop 6: Microfinance in Rural Areas and Arid and Semi-Arid Land (PPT by Mwangi Githaiga)
AMERMS Workshop 6: Microfinance in Rural Areas and Arid and Semi-Arid Land (PPT by Mwangi Githaiga)
AMERMS Workshop 6: Microfinance in Rural Areas and Arid and Semi-Arid Land (PPT by Mwangi Githaiga)
AMERMS Workshop 6: Microfinance in Rural Areas and Arid and Semi-Arid Land (PPT by Mwangi Githaiga)
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AMERMS Workshop 6: Microfinance in Rural Areas and Arid and Semi-Arid Land (PPT by Mwangi Githaiga)

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FULL TITLE: …

FULL TITLE:
What is the Cutting Edge for Microfinance in Rural Areas and Arid and Semi-Arid Land?
ROOM: Tsavo A
Translated session: English & French
PANEL:
Chair: Mr. Wolday Amha, Executive Director, Association of Ethiopian Microfinance Institution (AEMFI), Ethiopia
Panelist: Mr. Issa Barro, Inclusive Finance Specialist, United Nations Capital Development Fund (UNCDF), Senegal
Panelist: Mr. Mwangi Githaiga, Managing Director, Kenya Women Finance Trust (KWFT), Kenya

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Transcript

  • 1. MICROCREDIT SUMMIT 2010 Mwangi Githaiga, Managing Director, KWFT 8 th April 2010 at KICC, Nairobi
  • 2. PLENARY SESSION
    • ‘ Cutting Edge for Microfinance in Rural, Arid and Semi-Arid Areas’
    • A Case of Kenya Women Finance Trust, KENYA
    05/03/10
  • 3. INSITITUTIONAL BACKGROUND
    • Women serving and established in 1981 by Kenyan Women,
    • Affiliated to WWB among other MFI bodies,
    • Extensive branch network of 202 of outlets serving 350,000 clients
    • Portfolio outstanding of 140 million dollars,
    • Serves the rural, remote and poor urban,
    • Currently operated a microcredit programme only,
    • CBK licensed to conduct nationwide deposit taking on 6 th April 2010.
    05/03/10
  • 4. INSTITUTIONAL BACKGROUND
    • Vision:
    • ‘ to be the Women Financial Solutions Provider with a Difference’
    • Mission:
    • ‘ to partner with women in their creation of wealth’
    • Target group :
    • ‘ On the average, she is a poor woman in the rural and slum areas who balances business and family responsibilities’.
    05/03/10
  • 5. OUTREACH TO THE RURAL, ARID AND SEMI-ARID AREAS
    • KWFT serve this market through:
    • Highly decentralized offices network,
    • Adoptable and innovative products,
    • Delivery channels,
    • Clients social support.
    05/03/10
  • 6. OFFICE NETWORK
    • Operations managed from Nairobi National office,
    • Highly decentralized offices network,
    • Regional offices enable devolution of authority,
    • Penetrates deep into the rural and remote parts of Kenya,
    • Have a total of 202 business outlets.
    05/03/10
  • 7. KWFT OFFICE NETWORK 2010 ZONES UNITS DESKS TOTAL EASTERN 35 10 45 WESTERN 53 17 70 CENTRAL 48 17 65 TOTALS 136 44 180 BRANCH OFFICES 3 REGIONAL OFFICES 16 ZONAL OFFICES 3 HEADQUARTERS 1 TOTALS 203
  • 8. PRODUCTS & SERVICES
    • Focus on women’s empowerment and seek to
    • address the family needs . Through:
    • Business Loans (group and individual),
    • Education Loans,
    • Water and Sanitation Solutions (20,000 families),
    • Clean Energy and Environment,(solar, rural electrification and LPG)
    • Health Insurance Products (inpatient, burial and maternity cost),
    • Food Security and Agricultural Products,
    • Start- up Loans (33,000 young women supported).
    05/03/10
  • 9. DELIVERY CHANNELS
    • Client support to peers through collective approaches,
    • Continuous institutional connectedness with the clients,
    • Fast affordable and efficient services,
    • Accessibility through a large institutional network and efficient monitoring,
    • Involvement of clients in the administration of the programme,
    • Mobile phone banking,
    • Ensuring flexibility by listening keenly to clients and addressing their needs.
    05/03/10
  • 10. SOCIAL AND BUSINESS SUPPORT INTERVENTIONS
    • Through:
    • Ongoing business support,
    • Capacity building,
    • Forums for mentorship and interaction,
    • Organizing visibility for women enterprises,
    • Business advisory and management skills,
    • A quarterly newsletter ( The Pillar) to inform, educate and share information on women and their enterprises.
    05/03/10
  • 11. CHALLENGES OF OPERATING IN RURAL AND REMOTE AREAS (cont)
    • Clients Access- lack of basic infrastructure. Use alternative delivery mechanisms and technology,
    • Product offering- growth of business in the rural and remote areas is slow and may at times not be able to sustain the infrastructure needed to support them,
    05/03/10
  • 12. CHALLENGES OF OPERATING IN RURAL AND REMOTE AREAS
    • Cost of Technology- future rural and remote areas operations will depend on how efficiently the institution will be able to develop and utilize technology based solutions,
    • Human Resource and Capacity- hard to sustain workforce in the rural and remote areas,
    • Insecurity: officers exposed to long distance travelling and insecurity.
    05/03/10
  • 13.  

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