Accessing Finance in Kenya

Most women in Kenya work in the agricultural sector and produce most of the agricultural produce in the country. However, when it comes to accessing credit and other forms of agricultural finance, women’s access drops quickly.

Within the non-agricultural sector of the informal economy, women are also very active in informal cross-border trade, where they are involved in a large volume of the goods traded across borders. Similar to those in the agricultural sector, women in informal cross border trade face several huddles in accessing finance.

Public and private institutions in Kenya have identified women’s challenges in accessing finance and have established various programmes to bridge the gap.
angle-left Kenya Women Microfinance Bank (KWFT)

Kenya Women Microfinance Bank (KWFT)

Brief description

KWFT is the largest regulated women only serving institution in Africa. KWFT offers the following start up loans to support women with small and medium scaled businesses to access affordable financial services. More info

  List of loans provided
1. Asset Financing Loan  

 

Brief description

This is a loan facility for both existing and new clients to acquire tangible asset for business efficiency and commercial use. They include motor vehicles, motor bikes, plant and machinery, tractors, specialized equipment, office equipment, contractor equipment, water pipes etc.

Interest rate

Competitive interest rates

Collateral

Flexible collaterals

Grace period

N/A

Duration

Flexible

Repayment terms

Flexible repayment period

 Ceiling amount

Up to 90% financing of the asset cost

Requirements

  • Two guarantors
  • Collaterals

2. Emergency 

 

Brief description

This is a loan that enables business and income continuity after accidents. It covers livestock death, stock loss, fire and burglar.

Interest rate

Flexible interest rates

Collateral

Flexible security requirements

Duration

Flexible duration

Repayment terms

Flexible repayment terms

Ceiling amount

Flexible ceiling amount

Requirements
  • Document certifying the loss incident .e.g police abstract or veterinary postmortem report.
  • Copy of National ID Card.
  • Passport photo

3. Dairy Farming

 

 

Brief description

This loan enables dairy farmers to invest in high breed dairy cows/goats for better productivity and mitigate risk through insurance cover for the cow/goat.

Interest rate

Flexible

Collateral

Flexible collateral

Grace period

N/A

Duration

Flexible

Repayment terms

Flexible

Ceiling amount

Flexible

Requirements
  • Practicing dairy farmer
  • Collateral

4. Greenhouse

 

Brief description

This is a loan facility that enables farmers to acquire complete farmer’s kit that provides modern farming solution

Interest rate

Flexible

Collateral

Flexible

Grace period

Flexible

Duration

Flexible

Repayment terms

Flexible

Ceiling amount

Flexible

Requirements
  • Experience in crop farming
  • Have sufficient supply and storage of water
  • Willing to perform soil testing before loan approval.

5. Aquaculture fish farming

 

Brief description

KWFT Fish farming finances farmers to construct fish ponds, buy fingerlings and purchase feeds. This loan is geared towards enhancing uptake of fish farming as an income generating activity

Interest rate

Flexible

Collateral

Flexible

Grace period

Flexible

Duration

Flexible

Repayment terms

Flexible

Ceiling amount

Finance for initial capital to construct fish ponds and buy fingerlings

Requirements
  • Have a reliable source of clean water.
  • Have land to construct the ponds.

6. Mzinga

 

Brief description

KWFT finances farmers to adopt modern bee keeping methods through purchasing of modern bee hives, harvesting and processing equipment

Interest rate

Flexible

Collateral

Flexible

Grace period

Flexible

Duration

Flexible

Repayment terms

Flexible

Ceiling amount

Flexible

Requirements
  • Product available for both individual and group clients.
  • Have a conducive and safe apiary site.
  • Prospective borrowers have other income generating activities such as livestock farming or a business that is already established.
  • Equipment to be purchased are modern bee farming equipment

7. Input Financing

 

Brief description

This is a product targeting farmers to help them acquire quality farm inputs such as seeds, fertilizers and agro chemicals.

Interest rate

Flexible

Collateral

Flexible

Grace period

Flexible

Duration

Flexible

Repayment terms

Flexible

Ceiling amount

Flexible

Requirements
  • Be a practicing agribusiness farmer with other sources of income.
  • Available to both group and individual clients.

8. Agrodealer 

 

Brief description

This loan targets financing of agro-dealers involved in agricultural value-chains, such as agro-vets, farm produce marketers, traders and processor

Interest rate

Flexible

Collateral

Flexible

Grace period

Flexible

Duration

Flexible

Repayment terms

Flexible

Ceiling amount

Flexible

Requirements

Have an existing agriculture input or output trade or service business.

 

 

Contact Details

KWFT Headquarters, Akira House,
Kiambere Road, Upper Hill
P.O. Box 4179 – 00506
Nyayo Stadium, Nairobi
24 hrs Customer Service: 0703 067 700, 0730 167 000
Email: info@kwftbank.com
Website: www.kwftbank.com
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50 MAWSP

 

The African Development Bank partners with EAC, COMESA & ECOWAS Regional economic blocks to implement the 50 Million African Women Speak Networking Platform Project.The platform is intended to empower millions of women in Africa to start, grow, and scale up businesses by providing a one-stop shop for their specific information needs. Click on the image for more information

 

50MAWS Project engages East African Financial institutions for more financial inclusion. Click on the photo above for the full story