Summary
Opportunity International offers a variety of loan products, including cell phone banking, to enable Kenyans living in poverty to transform their lives.
What is the issue, problem, or challenge?
Only 23% of Kenya’s 39 million people have access to banking services. Thirty-two percent of the population lives beyond the reach of bank branches, while the rest simply do not qualify for access to traditional banking. Following the elections in December 2007, the need for stable financial structures in Kenya became increasingly apparent as the country faced violence and significant political unrest.
How will this project solve this problem?
Opportunity Kenya was established in 2006 and operates in the Western Province of Kenya, an impoverished area plagued by HIV/AIDS, and in the Nairobi area, where urban slums are home to millions who struggle to make ends meet.
Potential Long Term Impact
Through your contribution to this initiative, you are helping to expand access to financial services so that more people in Kenya will be able to secure their savings, borrow capital for their businesses, and receive business training.
Project Message
“Working in microfinance has transformed me. We use the word ‘transformation’ to describe our client training, but that word also describes how I feel.”
- Betty Mutua, Regional Manager, Opportunity Kenya
Funding Information
Total Funding Received to Date: $550
Remaining Goal to be Funded: $450
Total Funding Goal: $1,000
Resources
Donate by US Mobile Phone
Text GIVE 6663 to 80088 to donate $10 to Transform Lives in Kenya with Microloans. Message and data rates may apply. Only works for US mobile phones.
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