The Transparent Pricing Initiative in Kenya has published standardized pricing data from 18 institutions, representing the vast majority of Kenya’s active microloan borrowers. The Kenya Initiative was launched in January 2010 with a range of pricing and transparency workshops.
Microfinance in KenyaThe Microfinance Act of 2006 set the blue print for regulating microfinance services in Kenya. The Act drew the distinction between regulating deposit taking and non-deposit taking microfinance service providers. The Central Bank of Kenya is entrusted with regulating and supervising deposit taking microfinance service providers. Subsequent Acts such as the 2008 Microfinance Regulations Act and Microfinance Categorization Act have strengthened and improved the general regulatory environment.
Although truth-in-lending legislation has not yet been enacted in Kenya, commitment towards consumer protection and the importance of truth in lending legislation is being recognized in the industry. Directive No. I/2011, issued by the Central bank, contains specific provisions relevant to consumer protection, disclosures and articles promoting public awareness.
Kenya Institutions
Institution | # Borrowers | Portfolio (US$) | Products | Transp. Index | Participating Since | Age of Data |
---|---|---|---|---|---|---|
Action | 0 | 0 | 0 | N/A | 2010-Jun | 123 mos. |
Adok Timo | 4,200 | 570,000 | 4 | 25 | 2010-Sep | 155 mos. |
BIMAS | 11,100 | 4,679,000 | 7 | 31 | 2010-Sep | 123 mos. |
ECLOF Kenya | 20,500 | 5,455,000 | 8 | 25 | 2010-Sep | 123 mos. |
Equity Bank | 135,500 | 94,746,000 | 9 | 48 | 2010-Sep | 123 mos. |
Family Bank | 43,200 | 90,700,000 | 5 | 48 | 2010-Sep | 155 mos. |
Jamii Bora | 2,400 | 3,374,000 | 4 | 31 | 2010-Jun | 123 mos. |
Juhudi Kilimo | 10,400 | 4,436,000 | 2 | 57 | 2010-Sep | 123 mos. |
KADET | 12,900 | 5,402,000 | 4 | 27 | 2010-Sep | 123 mos. |
K-Rep | 0 | 0 | 0 | N/A | 2010-Sep | 123 mos. |
K-Rep Bank | 65,000 | 28,743,000 | 4 | 41 | 2010-Sep | 155 mos. |
KWFT DTM | 294,600 | 165,982,000 | 6 | 35 | 2010-Sep | 123 mos. |
LKL | 13,100 | 9,311,000 | 10 | 39 | 2010-Jun | 116 mos. |
MKL | 18,200 | 5,989,000 | 6 | 32 | 2015-Mar | 100 mos. |
Opportunity Kenya | 9,100 | 4,866,000 | 5 | 27 | 2010-Sep | 123 mos. |
PAWDEP | 40,900 | 7,133,000 | 2 | 38 | 2010-Sep | 123 mos. |
RAFODE | 2,900 | 356,000 | 1 | 12 | 2010-Sep | 123 mos. |
SISDO | 7,300 | 3,657,000 | 11 | 27 | 2010-Sep | 123 mos. |
Yehu | 14,000 | 3,149,000 | 11 | 38 | 2010-Sep | 123 mos. |