tag:blogger.com,1999:blog-69344776641968481562012-02-01T21:07:50.355-08:00This blog is dedicated to all Kenyans who have passion for microfinance. Those who believe in the power of Microfinance in poverty reduction. This blog will allow Kenyans to engage each other professionally. This blog will not condemn microfinance, but will condemn practitioners who are friends of poverty and not the poor. The blog will expose selfish interest and self seekers in the industry! Together, we can have a poverty free Kenya. It can be done in our lifetime.MicrofinanceKenyahttp://www.blogger.com/profile/18105458571918618247noreply@blogger.comBlogger261100tag:blogger.com,1999:blog-6934477664196848156.post-17133951493707266652010-03-19T07:03:00.001-07:002010-03-19T07:06:28.733-07:00

MICROFINANCE SUMMIT IN KENYA- WHAT DOES IT MEAN FOR AFRICA?April 7th to 10th, 2010, the microfinance player’s world over gather together in Nairobi for the Africa Middle East micro credit summit. The summit, first time to be held in Kenya will be a great honor to the country for its pioneering work in the microfinance sector in Africa. From the late 80s and early 90s, Kenya Rural Enterprise

MicrofinanceKenyahttp://www.blogger.com/profile/18105458571918618247noreply@blogger.com1tag:blogger.com,1999:blog-6934477664196848156.post-26357392685622732382009-07-11T09:56:00.000-07:002009-07-11T10:04:22.281-07:00

LateBy Elisabeth Rhyne WASHINGTON (MarketWatch) -- The world is in the midst of a banking revolution that has nothing to do with exotic financial engineering. It's in microfinance, or the provision of financial services to poor people worldwide. Source:http://www.marketwatch.com/story/the-next-banking-revolution To most people, microfinance means microcredit, or lending to the owners of very

MicrofinanceKenyahttp://www.blogger.com/profile/18105458571918618247noreply@blogger.com1tag:blogger.com,1999:blog-6934477664196848156.post-41094926666930804212009-02-18T11:00:00.000-08:002009-02-18T11:09:00.137-08:00

The UN Environment Programme has unveiled an ambitious seven-point plan to feed the world without polluting it further by making better use of resources and cutting down on massive waste. This is contained in a survey document entitled 'The environmental food crisis: environment's role in averting future food crises' and can be accessed at www.unep.org or at www.grida.no.The survey reccomends

MicrofinanceKenyahttp://www.blogger.com/profile/18105458571918618247noreply@blogger.com2tag:blogger.com,1999:blog-6934477664196848156.post-35764048355097392008-10-19T08:54:00.000-07:002008-10-19T09:02:52.367-07:00

Equity Bank, the innovative Kenyan microfinance bank has been shortlisted for the African Microfinance bank of the year for this year's prestigious African Bankers Awards, 2008 to be held at Washington DC, USA.Our dear Equity is currently the biggest bank in Kenya in terms of accounts-over 2.8 million accounting for over 48% percent of all bank accounts in Kenya. The bank infrustructure is

MicrofinanceKenyahttp://www.blogger.com/profile/18105458571918618247noreply@blogger.com3tag:blogger.com,1999:blog-6934477664196848156.post-46480673364379066392008-09-10T03:34:00.001-07:002008-09-10T03:36:29.878-07:00

Business Daily http://www.bdafrica.com/index.php?option=com_content&task=view&id=9837&Itemid=5812Written by Washington Gikunju Graphic illustration: Conrad KarumeSeptember 5, 2008: In possibly the most rapid take-off in the provision of financial services the world has ever seen, the number of Kenyans with bank and savings accounts tripled

MicrofinanceKenyahttp://www.blogger.com/profile/18105458571918618247noreply@blogger.com2tag:blogger.com,1999:blog-6934477664196848156.post-8116866320574023202008-07-29T07:27:00.000-07:002008-07-29T07:30:46.667-07:00

July 28, 2008: 03:45 AM ESTNEW YORK (Associated Press) When Nobel Peace Prize winner Muhammad Yunus began making $27 loans to women in Bangladesh three decades ago, he never dreamed of initial public offerings, return on equity and securitization. Those terms weigh heavily on his mind today, as the once-charitable field of microfinance has become increasingly commercialized. "Poor people should

MicrofinanceKenyahttp://www.blogger.com/profile/18105458571918618247noreply@blogger.com3tag:blogger.com,1999:blog-6934477664196848156.post-86131951929753480582008-06-10T05:24:00.000-07:002008-06-10T05:28:03.737-07:00

by Eric ThurmanJune 09, 2008Eric Thurman - is a professional advisor to donors and consultant for international NGOs. He has supervised grants in more than half of the nations of the world. He also has directed microlending programs in 30 countries when he was CEO of Opportunity International and later Hope International. In 2007, he and a client, Philip B. Smith, co-authored the book A Billion

MicrofinanceKenyahttp://www.blogger.com/profile/18105458571918618247noreply@blogger.com1tag:blogger.com,1999:blog-6934477664196848156.post-62602228175240904132008-06-04T05:28:00.000-07:002008-06-04T05:30:44.772-07:00

Story by EDWARD WANGILA KOLLA Source - Daily Nation, KenyaPublication Date: 5/31/2008 The rush for easy credit in the form of loans and credit cards from banks and micro-finance institutions is causing untold financial and emotional misery to many Kenyans.Unlike in the past when getting a loan required lengthy procedures, when borrowers had to produce security in the form of land, vehicles and

MicrofinanceKenyahttp://www.blogger.com/profile/18105458571918618247noreply@blogger.com1tag:blogger.com,1999:blog-6934477664196848156.post-33143291358327859962008-06-04T05:25:00.000-07:002008-06-04T05:27:51.971-07:00

by Cynthia English WASHINGTON, D.C. -- As microfinancing continues to grow in popularity as a method of financially empowering the poor, Gallup Polls in sub-Saharan Africa reveal that a sizable minority in the region depend to some extent on community savings groups to make a living. Across 31 countries surveyed, a median of 20% of respondents say they depend "a little" on community savings

MicrofinanceKenyahttp://www.blogger.com/profile/18105458571918618247noreply@blogger.com0tag:blogger.com,1999:blog-6934477664196848156.post-18981908504371342872008-06-04T05:14:00.000-07:002008-06-04T05:21:02.166-07:00

Article from : http://www.forbes.com/entrepreneursfinance/2008/06/03/kiva-microfinance-uganda-ent-fin-cx_0603whartonkiva.html.... That decision proved prescient. Today, the Web site the Flannerys created-- Kiva.org--is one of the hottest and hippest on the Web. One online commentator compared it to an online dating service, and even former U.S. president Bill Clinton has praised its virtues.

MicrofinanceKenyahttp://www.blogger.com/profile/18105458571918618247noreply@blogger.com0tag:blogger.com,1999:blog-6934477664196848156.post-10078972387972209902008-05-31T03:26:00.000-07:002008-05-31T03:28:59.328-07:00

Author - Charles Njoroge - Blog moderatorSource - http://www.africanexecutive.com/modules/magazine/articles.php?article=3166&magazine=178While launching the Insurance Regulatory Authority (IRA) recently, Kenya's Finance minister, Amos Kimunya advised the regulator to enforce good corporate governance, early warning systems and protection of policyholders. Granted this is fundamental, the

MicrofinanceKenyahttp://www.blogger.com/profile/18105458571918618247noreply@blogger.com0tag:blogger.com,1999:blog-6934477664196848156.post-27410563915830025842008-05-22T06:19:00.000-07:002008-05-22T06:26:25.203-07:00

Speech by Mrs Jacinta Mwatela, Deputy Governor of the Central Bank of Kenya, at the Stakeholders Forum on the Deposit-Taking Microfinance Regulations issued under the Microfinance Act, Kenya School of Monetary Studies, Nairobi, 12 May 2008.Source http://www.bis.org/review/r080515d.pdf* * *The Chairperson, the Association of Microfinance Institutions (AMFI); The Chief Executive Officer, AMFI;

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Author - Charles Njoroge, Blog moderatorSource - Business Daily - Original article from - http://www.bdafrica.com/index.php?option=com_content&task=view&id=7489&Itemid=5848 May 9, 2008: A news item in the print media drew my attention last week – “Faulu Kenya’s profits hit Sh103 million”. Faulu is a microfinance institution and one of the big three unregulated microfinance companies in Kenya.

MicrofinanceKenyahttp://www.blogger.com/profile/18105458571918618247noreply@blogger.com5tag:blogger.com,1999:blog-6934477664196848156.post-79175147660457509562008-04-30T05:25:00.000-07:002008-04-30T05:39:34.758-07:00

Source - Business Daily, KenyaWritten by Charles Njoroge - Blog moderatorApril 30, 2008: The food crisis is visiting the world. Hunger is looming and the world is in need of more food everyday. Food riots due to ever increasing prices for basic foods have been reported. Some governments have been forced to step in and artificially control the cost and export of basic food items. In Kenya, the

MicrofinanceKenyahttp://www.blogger.com/profile/18105458571918618247noreply@blogger.com6tag:blogger.com,1999:blog-6934477664196848156.post-48261259621104452102008-04-28T23:06:00.000-07:002008-04-28T23:08:52.885-07:00

The Nation (Nairobi)25 April 2008Posted to the web 25 April 2008Nation Reporter NairobiFaulu Kenya, a local microfinance institution, has unveiled Sh460 million expansion plan, as it prepares to change into a microfinance bank, and grow its customer base aboveone million.Currently, the 17 year-old organisation's customer base is slightly over 100,000, and it holds over Sh1.5 billion in loans and

MicrofinanceKenyahttp://www.blogger.com/profile/18105458571918618247noreply@blogger.com0tag:blogger.com,1999:blog-6934477664196848156.post-69921887595202812192008-04-23T13:53:00.000-07:002008-04-23T14:22:37.824-07:00

Written by Charles Njoroge - Blog authorSource - Business Dailyhttp://www.bdafrica.com/index.php?option=com_content&task=view&id=7170&Itemid=5848 Commercial banks are on an expansion spree, which will rub MFIs the wrong way.April 24, 2008: The Kenyan media has recently been awash with branch expansion news from the banking sector. Some of the eye grabbing headlines include: “Equity Bank set to

MicrofinanceKenyahttp://www.blogger.com/profile/18105458571918618247noreply@blogger.com2tag:blogger.com,1999:blog-6934477664196848156.post-91136807112977535222008-04-14T08:37:00.000-07:002008-04-14T08:43:19.743-07:00

Written by Charles Njoroge - Blo moderatorSource: Business Daily The membership numbers are dwindling, yet Savings and Credit Co-operatives (Saccos) have been a force for good in a financial services sector characterised by competition, greed and loan “sharking”. The rationale behind the formation of Saccos is simple — unity in diversity. The strength in numbers as constituted in Saccos has led

MicrofinanceKenyahttp://www.blogger.com/profile/18105458571918618247noreply@blogger.com2tag:blogger.com,1999:blog-6934477664196848156.post-2480087314011586662008-04-14T08:25:00.000-07:002008-04-14T08:44:24.659-07:00

Source : Business DailyWritten by Steve MbogoArticle in: Michael Owino used to run a phone shop in Kisumu City. However, it was vandalized during the post-election violence and he lost stock worth about Sh300,000. He lost his livelihood. Mr James Kamau, a pharmacist in Busia, lost his entire stock worth Sh800,000. He and his family of five sought refuge in Uganda. Estimates put the losses within

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The microfinance movement has been a force for good in world full of experiments in poverty alleviation. Its impact on reaching the bottom end through breadth and depth of outreach cannot be gainsaid. Its impressive growth world over in the last two decades and its current momentum attest to a sector whose potential was unprecedented. Currently the sector is on its march to commercialization and

MicrofinanceKenyahttp://www.blogger.com/profile/18105458571918618247noreply@blogger.com5tag:blogger.com,1999:blog-6934477664196848156.post-16441888002057627812008-04-11T02:28:00.000-07:002008-04-13T04:07:17.537-07:00

by Anne ThomasPosted: Friday, April 11, 2008, 9:23 (BST)Source; Christian todayThe Council’s wide-ranging report goes on to affirm the ‘vital role’ that faith-based organisations have to play in eradicating poverty in the developing world and describes how the Church plays its part in this fight through co-operative working, including funding micro-finance schemes, with its partner churches

MicrofinanceKenyahttp://www.blogger.com/profile/18105458571918618247noreply@blogger.com2tag:blogger.com,1999:blog-6934477664196848156.post-18799947989467048742008-04-10T14:52:00.000-07:002008-04-13T04:09:09.430-07:00

Source - Africa news About 2.25 million people in 15 countries across Africa will benefit from a five-year food security promotion programme launched here Thursday by the International Federation of Red Cross and Red Crescent Societies.To be financed through an appeal for US$ 43.5 million, the programme seeks to im prove the capacity of national Red Cross and Red Crescent societies so that they

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Source; Buisness Dailyhttp://www.bdafrica.com/index.php?option=com_content&task=view&id=6938&Itemid=5812……. The survey done for the Central Bank of Kenya (CBK) by Research International, indicates that Barclays and Equity Banks offer the most expensive micro-finance loans. These are loans of not more than Sh50,000.Although Equity has traditionally been associated with microfinance, the survey

MicrofinanceKenyahttp://www.blogger.com/profile/18105458571918618247noreply@blogger.com1tag:blogger.com,1999:blog-6934477664196848156.post-52952679441032112512008-04-08T14:54:00.000-07:002008-04-13T04:11:02.515-07:00

South Sudan: Tuesday 8 April 2008 04:21.Source - Sudan Tribune By James OkukApril 7, 2008 — The World Bank and IMF are known for their failures, particularly with the Structural Adjustment Programmes (SAPs) in the LDCs. Even their acclaimed case of successful micro-finance credit for poverty reduction in Bangladesh is a crude propaganda. Those who know Bangladesh can tell you how masses of people

MicrofinanceKenyahttp://www.blogger.com/profile/18105458571918618247noreply@blogger.com2tag:blogger.com,1999:blog-6934477664196848156.post-71936726428768221432008-04-06T09:32:00.000-07:002008-04-07T08:16:07.490-07:00

Blue set to put more money into Kenyan investmentApril 4, 2008By Mzwandile JacksSource: Business ReportJohannesburg - The AltX-listed micro financier, Blue Financial Services, had resumed its operations in Kenya and planned to increase its investments in the country from R15 million to an undisclosed amount, the company said yesterday. Dave van Niekerk, the chief executive of Blue, said that the

MicrofinanceKenyahttp://www.blogger.com/profile/18105458571918618247noreply@blogger.com3tag:blogger.com,1999:blog-6934477664196848156.post-15726345034186879162008-04-06T08:38:00.000-07:002008-04-13T04:28:08.283-07:00

COMMENTARYStory by JAMES MWANGI Publication, Sunday Nation Date: 4/3/2008 Dr Mwangi is the CEO of Equity Bank. These are excerpts from a speech he delivered on the future of microfinance during the 10th Annual African Business Conference at the Harvard Business School. IN THE EARLY 1900s, OIL MAGNA-te J. Paul Getty was once quoted as saying: “If you owe the bank $100, that’s your problem. If you

MicrofinanceKenyahttp://www.blogger.com/profile/18105458571918618247noreply@blogger.com1tag:blogger.com,1999:blog-6934477664196848156.post-39096769513032812682008-04-05T09:16:00.000-07:002008-04-13T04:12:38.061-07:00

The microfinance movement has been a force for good in a world full of experiments in poverty alleviation. Many a people the world over, have come out of poverty via microfinance. The impressive growth of the sector globally during the last two decades and its current momentum is evidence of a sector whose potential is unprecedented. Currently the sector is on its march to commercialization and

MicrofinanceKenyahttp://www.blogger.com/profile/18105458571918618247noreply@blogger.com2