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.
Total Funding Received to Date: $610
This project is now in implementation and no longer available for funding. Received funds will be used to accomplish concrete objectives as indicated in the project's "Activities" section. Updates will be posted under the "Project Report" tab as they become available.
Donors' contributions and pledges to this project totaled $610 . The original project funding goal was $1,000.