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Reflecting on the Year 2010

Published on March 20, 2011

KWFT’s social performance commitment was also expressed by various disclosures and reports to interested institutions including MicroFinance Transparency (MFT) and the Microfinance Information Exchange (MIX) Market.

Click here to read the Kenya Women Finance Trust article

 

Reflecting on the Year 2010

The year 2010 saw KWFT redefine itself in the context of regulated deposit taking environment. Completion of institutional transformation process was considered a timely and appropriate exercise that culminated with the receipt of CBK license in April 2010. KWFT continued to provide microfinance opportunities to ‘otherwise un-bankable’ families by offering credit, savings and money transfer services as part of financial intermediation.

In addition to financial services, the institution also offered social services such as group formation, training in basic business skills and group management. The social aspects distinguished KWFT in terms of physical proximity and regular face to face contact with clients. The institution has been consistent in its mission and showing industry best practices both locally and regionally. During the year, KWFT co-organized the micro-credit summit and contributed in significant ways including exhibition, facilitating sessions and speaking on various topics.

Other contributions and representation were made in AMFI, AFRACA and WWB. Several international individuals and institutions visited KWFT on study tours and professional learning experiences and they included regulators, policy researchers, micro-finance institutions among others. Social performance commitment was also expressed by various disclosures and reports to interested institutions including Microfinance Transparency (MFT) and the Microfinance Information Exchange (MIX) Market.

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