Transform Lives in Kenya with Microloans

by Opportunity International
Vetted
Sep 7, 2012

Activity Highlights in Kenya

Opportunity client Agnes Wangari
Opportunity client Agnes Wangari

Activity Highlights

Custom financial products and services meet the unique needs of Kenyan families. Core to Opportunity Kenya’s product strategy is to adopt both qualitative and quantitative methods of increasing its knowledge about the clients it serves, resulting in intentionally targeted products and services that anticipate and respond to changing needs. After conducting surveys to understand the evolving needs of Kenyan families, Opportunity Kenya modified the Trust Group loan product, reviewed the terms of the new Individual loan product and began crafting a tailored Agricultural loan product.

In 2011, Opportunity Kenya partnered with Habitat for Humanity to develop a home improvement loan to allow clients with a good credit history to make repairs to improve deteriorating and unsafe structures. 

Expanding to increase outreach. In addition to plans to open three new offices in 2012, Opportunity Kenya intends to grow outreach by establishing service locations in unserved peri-urban areas as well as small field offices that can be manned by staff from nearby branches. The increased presence will help Opportunity Kenya increase outreach in poor communities, which will be further bolstered with technology like mobile phone banking and smart cards to deliver services affordably and efficiently.  

Financial Literacy Training. New customer financial literacy training modules were launched in September 2011 at Opportunity Kenya’s five Nairobi-area branches. These new trainings were facilitated by the Kenya Institute of Business Training. Clients participated in a full-day session on business management and financial skills which was met with widespread positive feedback. Opportunity Kenya is also partnering with Citi Foundation to develop training DVDs covering personal and business growth topics.  

Links:

Comments:

About Project Reports

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.

Get Reports via Email

We'll only email you new reports and updates about this project.

Organization Information

Opportunity International

Location: Chicago, IL - USA
Website: http:/​/​www.opportunity.org
Project Leader:
Dana Lunberry
Partner Relationship Specialist
Oak Brook, IL United States

Funded Project!

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:

Find a Project

Learn more about GlobalGiving

Teenage Science Students
Vetting +
Due Diligence

Snorkeler
Our
Impact

Woman Holding a Gift Card
Give
Gift Cards

Young Girl with a Bicycle
GlobalGiving
Guarantee

Sign up for the GlobalGiving Newsletter
WARNING: Javascript is currently disabled or is not available in your browser. GlobalGiving makes extensive use of Javascript and will not function properly with Javascript disabled. Please enable Javascript and refresh this page.