- published: 03 Feb 2014
- views: 1062
Subscribe to our channel http://bit.ly/AJSubscribe Microfinance institutions appear to have defied the global economic slump as a lifeline out of poverty to those considered unbankable. Al Jazeera's Andrew Simmons reports from Kenya where the industry is changing the face of Kenya's largest slums. At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'voice to the voiceless.' Reaching more than 270 million households in over 140 countries across the globe, our viewers trust Al Jazeera English to keep them informed, inspired, and entertained. Our impartial, fact-based reporting wins worldwide praise and respect. It is our unique brand of journalism that the...
The EIB has a long track record in microfinance both within and outside the European Union. It supports leading microfinance providers (MFIs), fund providers and stakeholders in increasing access to funding for micro and small-sized enterprises. The Bank's most significant microfinance involvement is in Sub-Saharan Africa in countries such as Kenya where we aim at maximizing development impact in urban and rural regions as shown in this video.
The Lions Clubs of Kenya under the umbrella of District 411A have embarked on a Microfinance program with the Technical guidance of ASA Kenya. This program targets women from low income areas The need for a Microfinance program was necessitated by the fact that loans for microenterprise is prohibitive but the socio-economic demands on low income families is ever increasing. Lions Clubs have thus partnered with ASA Kenya who have specialized in financing the low income categories and provide the lowest interest rates in the Kenyan market in addition to the capacity enhancement provided to beneficiaries. Women are also going to be the key focus as it has been established that they support more households and have over 98% repayment rate
The Central Bank may review the micro-finance act to enable more institutions to operate as deposit taking organizations. Central Bank Governor Professor Njuguna Ndungu says the amendment will help in implementing the agency model which allows large commercial banks to transact their business through third parties. Professor Ndungu was speaking during the opening of a regional micro - finance conference sponsored by Standard Chartered Bank.
Time is money. So for people in business, the time lost in banking halls trying to get loan approvals from Microfinance institutions and banks equals money lost. In Kenya, one Microfinance institution is using mobile phones to eliminate this problem.
http://www.pbs.org/independentlens/half-the-sky/ Watch Half the Sky: Turning Oppression into Opportunity for Women - premiering October 1 & 2 on PBS! Olivia Wilde and Nick Kristof visit Joyce, a Kenyan woman who owns a restaurant in Nairobi. Joyce is a member of Jamii Bora, Kenya's largest microfinance organization and a powerful agent of change for the country's women. It provides loans to individuals, including former beggars, prostitutes, and the severely impoverished, who would be unable to pursue their ambitions without financing. About the Series Half the Sky: Turning Oppression into Opportunity for Women Worldwide is a landmark transmedia project featuring a four-hour PBS primetime national and international broadcast event, a Facebook-hosted social action game, mobile games, two...
The High Court has certified as urgent a case in which over10-thousand members of the dissolved Kenya Akiba Microfinance Limited have sued Central Bank of Kenya. High Court Judge Francis Tuiyot said the affected members have a right to a refund of over 2 billion shillings and assets confiscated by CBK during closure of the organization.
Microfinance in Kenya consists of microfinance facilities and regulations in Kenya which has been developing since the mid 1990s.Legislation was passed in 2006 with the Micro Finance Act which became active in 2008.By 2010 there were 24 large micro finance institutions in Kenya, which provided US $1.5 billion to approximately 1.5 million active borrowers.With over 100,000 clients, Equity Bank had the largest share of business loans representing market share of 73.50% followed by Kenya Women Microfinance Bank with 12.06%. ---Image-Copyright-and-Permission--- About the author(s): Sidhanta Khuntia License: Creative Commons Attribution-Share Alike 4.0 (CC BY-SA 4.0) Author(s): Sidhanta Khuntia (https://commons.wikimedia.org/w/index.php?title=User:Sidhanta_Khuntia&action=edit&redlink=1...
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visit our website!!! http://brothersandsistersinkenya.weebly.com/ Inspired by a friendship with an international student from Kenya, I visited his village in the summer of 2010 to begin a micro-finance network. Most people in my friend's village live without electricity and indoor pluming. They are poor but they are not helpless. They are hard working people with a plethora of gifts and talents. Our mission is to empower people to use their gifts and talents to contribute to the redemption of the world and continuing construction of the kingdom of God on Earth as it is in heaven. (My friend currently runs Division I track and can not use his name to raise money but will be playing a major role in this mission when he graduates in the Spring of 2011. )
Thanks to a series of loans provisioned by KWFT (Kenya Women Microfinance Bank Limited), Nditty Kyengo was able to start successful businesses and build up her self-reliance. She is currently finishing constructing her dream home with the aid of the technical expertise of Habitat for Humanity.
A success story on the success of money banking in Kenya where un-banked Kenya's can access banks facilities even in the areas where banks have remained shy. Kenya Empowerment Entrepreneur Foundation(KEEF) is one such a micro-finance changing common citizens by issuing loans for as low as 0.7% per month interest.
Jenga Kenya is a Microfinance based in Kenya,Eastern Region, Meru that is positively transforming livelihoods by providing quality and affordable financial and business development services to individuals and organized groups involved in small and micro enterprises. You can talk to us via email:email@example.com Visit our website: www.jengakenyamicrofinance.com for more information
Biashara Imara product development, product features and marketing Biashara Imara, these are the topics of this episode.
The Central Bank of Kenya has licensed Choice Microfinance Bank to carry out community microfinance banking business. Choice Microfinance Bank becomes the eleventh microfinance bank to be licensed following the licensing of seven nationwide Microfinance Banks and three community-based Microfinance Banks.
Daraja DTM Ltd is a new business being established by a number of investors that that seek to offer microfinance services to the small and micro entrepreneurs in Dagoretti Division of Nairobi City, a sector that is majorly still underserved but with high growth opportunities. The institution is seeking for licensing as a community deposit taking microfinance institution by the Central Bank of Kenya. It is the view of Daraja that access to financial services for low income groups in all areas (urban and rural) still needs to be improved and a focus on urban areas shall be the initial focus of Daraja with a vision of expanding to other urban and rural areas in the future. With the vision of being “the most preferred financial institution by micro and small scale entrepreneurs (MSEs) in Ken...