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

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

  1. 1. MICROCREDIT SUMMIT 2010 Mwangi Githaiga, Managing Director, KWFT 8 th April 2010 at KICC, Nairobi
  2. 2. PLENARY SESSION <ul><li>‘ Cutting Edge for Microfinance in Rural, Arid and Semi-Arid Areas’ </li></ul><ul><li>A Case of Kenya Women Finance Trust, KENYA </li></ul>05/03/10
  3. 3. INSITITUTIONAL BACKGROUND <ul><li>Women serving and established in 1981 by Kenyan Women, </li></ul><ul><li>Affiliated to WWB among other MFI bodies, </li></ul><ul><li>Extensive branch network of 202 of outlets serving 350,000 clients </li></ul><ul><li>Portfolio outstanding of 140 million dollars, </li></ul><ul><li>Serves the rural, remote and poor urban, </li></ul><ul><li>Currently operated a microcredit programme only, </li></ul><ul><li>CBK licensed to conduct nationwide deposit taking on 6 th April 2010. </li></ul>05/03/10
  4. 4. INSTITUTIONAL BACKGROUND <ul><li>Vision: </li></ul><ul><li>‘ to be the Women Financial Solutions Provider with a Difference’ </li></ul><ul><li>Mission: </li></ul><ul><li>‘ to partner with women in their creation of wealth’ </li></ul><ul><li>Target group : </li></ul><ul><li>‘ On the average, she is a poor woman in the rural and slum areas who balances business and family responsibilities’. </li></ul>05/03/10
  5. 5. OUTREACH TO THE RURAL, ARID AND SEMI-ARID AREAS <ul><li>KWFT serve this market through: </li></ul><ul><li>Highly decentralized offices network, </li></ul><ul><li>Adoptable and innovative products, </li></ul><ul><li>Delivery channels, </li></ul><ul><li>Clients social support. </li></ul>05/03/10
  6. 6. OFFICE NETWORK <ul><li>Operations managed from Nairobi National office, </li></ul><ul><li>Highly decentralized offices network, </li></ul><ul><li>Regional offices enable devolution of authority, </li></ul><ul><li>Penetrates deep into the rural and remote parts of Kenya, </li></ul><ul><li>Have a total of 202 business outlets. </li></ul>05/03/10
  7. 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. 8. PRODUCTS & SERVICES <ul><li>Focus on women’s empowerment and seek to </li></ul><ul><li>address the family needs . Through: </li></ul><ul><li>Business Loans (group and individual), </li></ul><ul><li>Education Loans, </li></ul><ul><li>Water and Sanitation Solutions (20,000 families), </li></ul><ul><li>Clean Energy and Environment,(solar, rural electrification and LPG) </li></ul><ul><li>Health Insurance Products (inpatient, burial and maternity cost), </li></ul><ul><li>Food Security and Agricultural Products, </li></ul><ul><li>Start- up Loans (33,000 young women supported). </li></ul>05/03/10
  9. 9. DELIVERY CHANNELS <ul><li>Client support to peers through collective approaches, </li></ul><ul><li>Continuous institutional connectedness with the clients, </li></ul><ul><li>Fast affordable and efficient services, </li></ul><ul><li>Accessibility through a large institutional network and efficient monitoring, </li></ul><ul><li>Involvement of clients in the administration of the programme, </li></ul><ul><li>Mobile phone banking, </li></ul><ul><li>Ensuring flexibility by listening keenly to clients and addressing their needs. </li></ul>05/03/10
  10. 10. SOCIAL AND BUSINESS SUPPORT INTERVENTIONS <ul><li>Through: </li></ul><ul><li>Ongoing business support, </li></ul><ul><li>Capacity building, </li></ul><ul><li>Forums for mentorship and interaction, </li></ul><ul><li>Organizing visibility for women enterprises, </li></ul><ul><li>Business advisory and management skills, </li></ul><ul><li>A quarterly newsletter ( The Pillar) to inform, educate and share information on women and their enterprises. </li></ul>05/03/10
  11. 11. CHALLENGES OF OPERATING IN RURAL AND REMOTE AREAS (cont) <ul><li>Clients Access- lack of basic infrastructure. Use alternative delivery mechanisms and technology, </li></ul><ul><li>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, </li></ul>05/03/10
  12. 12. CHALLENGES OF OPERATING IN RURAL AND REMOTE AREAS <ul><li>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, </li></ul><ul><li>Human Resource and Capacity- hard to sustain workforce in the rural and remote areas, </li></ul><ul><li>Insecurity: officers exposed to long distance travelling and insecurity. </li></ul>05/03/10

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