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EAST AFRICA SUB-REGIONAL WORKSHOP

EAST AFRICA SUB-REGIONAL WORKSHOP. Millicent Omukaga Kenya Women Microfinance 19 th - 21 st May 2010 at Speke Resort, Kampala. ‘Banking on Women and the Most Vulnerable’ A Case of Kenya Women Microfinance, KENYA. Who We Are. Women- serving MFI since 1981 Rural, remote and poor urban

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EAST AFRICA SUB-REGIONAL WORKSHOP

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  1. EAST AFRICA SUB-REGIONAL WORKSHOP Millicent Omukaga Kenya Women Microfinance 19th - 21st May 2010 at Speke Resort, Kampala

  2. ‘Banking on Women and the Most Vulnerable’ A Case of Kenya Women Microfinance, KENYA

  3. Who We Are • Women- serving MFI since 1981 • Rural, remote and poor urban • Licensed and regulated by Central Bank • Decentralized structure with extensive network

  4. Organization Structure BOARD OF DIRECTORS MANAGING DIRECTOR EXECUTIVE SECRETARY PERSONAL ASSISTANT HEAD OF FINANCE DIRECTOR OPERATIONS CHIEF INTERNAL AUDITOR GENERAL MANAGER - HR GENERAL MANAGER MARKETING GENERAL MANAGER ICT RISK & COMPLIANCE MANAGER SECURITY MANAGER ADMINISTRATION MANAGER LEGAL MANAGER

  5. What We Do Business: Credit, Savings and Insurance (micro) to women entrepreneurs Professionalism Team work Vision: “To be the Women Financial Solutions Provider with a Difference” Uphold the dignity of women values Learning and Innovation Mission: “To Partner with Women in their Creation of Wealth” Integrity Mutual respect for each other Diversity

  6. Who We Target • Women and vulnerable youth • Scarcity of food, clean energy, sanitation, health care, education. • Culture and religion • Supplement the family income • Older daughters take care of the children and housework

  7. What We Offer Focus on women empowerment & family needs. Through: • Business Loans • Touching Lives Products • Clean Energy Loans • Agriculture & aquaculture loans • Consumer Loans • Savings products & services

  8. How We Do It Extensive reach and closeness to customers is a key differentiator. Personal touch Professional management Social connectedness Technology

  9. How We Do It. Cont... Extensive reach and closeness to customers is a key differentiator. A good reputation & wide national network. Entrenched deep foundation in the market

  10. What Women Say KWFT is • “Like a savior” • “Strict mother to our group” • “Beautiful woman with a very clean heart and who would like to uplift women’s lives” • “Would fit in everywhere and live just like us” • “Drives herself on a motor bike or 4-wheel in muddy weather” Source: Focus groups research by WWB 2010

  11. Our Journey Staffing Clientele

  12. Our Journey Cont. Disbursements (Ksh M) Outstanding Portfolio (Ksh M)

  13. Our Journey Cont.. Sustainability Average Loan Size

  14. Challenges • Clients Access • Cost of Funds • Cost of Technology • Human Resource Capacity • Insecurity

  15. Experience with Youth • The fund • The target • The model • Success stories • Challenges • Lessons learnt

  16. Way Forward • Mobilize deposits through branches • Increase clients base and disbursements • Increase product range & roll out savings products

  17. Kakamega Branch (Inside)

  18. Kakamega Branch (Outside)

  19. Eldoret Branch

  20. KWFT OFFICE NETWORK 2010

  21. THANK YOU

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