Impact of Microfinance awareness in Kenya Essay Example.
The Evolution of Kenyan Microfinance Before the microfinance industry, people around the world have been borrowing and saving using various sources outside of the formal financial sector. Informal financial services ranging from loan sharks, community members and saving groups were once the only source for low income individuals who were unbanked or under-banked.
Factors Influencing Loan Repayment in Micro-Finance Institutions in Kenya Florence Angaine1, Daniel Nderi Waari2 1School of Management, Kenya Institute of Management, MERU P.O. BOX 2602-60200, MERU 2Jomo Kenyatta University of Agriculture and Technology, P.O BOX 3589-00200, Nairobi, Kenya.
The performance of microfinance institutions is a hot topic in the development and finance literature. While most systematic reviews or research reviews tackle microfinance from the.
During the 1990s, many NGOs were converted into formal financial institutions so as to access and on-lend client savings, as a result improving their outreach. There are also other kinds of microfinance institutions such as credit union or cooperative housing society. These organizations are different in every country (Rehman, 2007).
Access to microfinance credit is considered to be an important factor in determining the performance of SMEs. Microfinance credit is one of the financial services that are expected to promote SMEs financial performance. Despite the mushrooming of microfinance institutions that provide microfinance credit in Kenya.
INSTITUTIONS BY FORM OF REGISTRATION. ORGANISATION TYPE NUMBER MICROFINANCE NGOS 56 COMPANIES LIMITED BY SHARES (e.g. Faulu Kenya, Opportunity International, wedco, Kwft, Micro Kenya) 4 COMPANIES LIMITED BY GUARANTEE(e.g SMEP, Jitegemea credit and Kenya ECLOF) 4 PARASTATALS (KIE and AFC) 2.
Microfinance banks in Kenya, as well as the regulations that govern them, have experienced significant developments since the mid-90s. Most of these changes have been laid out with the intention to enhance customer experience to make the institutions the excellent lending option for Kenyans.