Measurable Impact: Side by Side in Kenya
Opportunity Kenya currently serves clients via 12 branch locations. With hard work from the dedicated staff, Opportunity Kenya increased client outreach by 20% and maintained a client repayment rate of 98% despite a very challenging economic environment. Additionally, Opportunity Kenya maintains an encouraging client retention rate of 86%. Eager to continue reaching out to marginalized communities, the Kenya staff is making plans to add three additional offices in 2012.
Opportunity serves clients with four loan products customized to meet the unique need of Kenya’s hard-workingentrepreneurs:
Opportunity Kenya provides loans through Trust Groups. Loans come with credit-life insurance to provide asafety-net in case of tragedies that threaten to derail progress made. In response to growing demand, Kenya launched a pilot in 2011 to test Individual lending to meet the needs of entrepreneurs whose businesses are growing and require larger loans with more flexible repayment rates and customized training.
Plans for 2012 include:
Project Reports on GlobalGiving are posted directly to globalgiving.org by Project Leaders as they are completed, generally every 3-4 months. To protect the integrity of these documents, GlobalGiving does not alter them; therefore you may find some language or formatting issues.
If you donate to this project or have donated to this project, you will get an e-mail when this project posts a report. You can also subscribe for reports via e-mail without donating or by subscribing to this project's RSS feed.
Combined with other sources of funding, this project raised enough money to fund the outlined activities and is no longer accepting donations.
Still want to help?
Support another project run by Opportunity International that needs your help, such as:
Partner Relationship Specialist