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Microfinance in Kenya |
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| Description |
Jamii Bora Trust targets the very poor living in urban and rural Kenya; their dozens of branches serve clients in virtually all major Kenyan cities.
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| Primarily For
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Economic Development |
| Other Purposes
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Economic Development, Education |
| Climate |
N/A |
| Emphasis |
Individuals |
| Effort to Implement
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Simple |
| Maximum Cost |
$
0 |
| Why |
Our experience is that any family, however poor, miserable, and hopeless, is capable of getting themselves out of poverty. We want to strengthen and utilise all the skills, determination and hard work of the people of Kenya to build a better nation through better families. Jamii Bora offers several types of loans for micro-businesses, school fees, health and housing. By 30 November 2005, Jamii Bora Trust had given out more than 144,760 loans to its members and a total KES 1,197,543,780 out of which KES 824,278,875 had been fully repaid and KES 373,264,900 was the outstanding loan balance.School Fees Loans
After one successful business loan, members can borrow for their children’s School fees on the same conditions as Micro Business Loans. It is allowed to have a school fees loan at the same time as a business loan. The school fees loans help the parents to even out the payment of school fees over fifty weeks.
Housing Loans
A successful Micro business borrower (perfect repayment of at least three business loans) can borrow for Housing. The Housing Loans are normally paid on a monthly basis over a period of maximum ten years. We provide technical assessment and advice including technical drawings as required. |
| URL(s) |
http://www.jamiibora.org/index.htm
http://www.unitus.com
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| Availability Limits |
Kenya |
| Resources |
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| Email |
Withheld |
