Kenya Women Microfinance Bank (KWFT)

This product targets farmers who need to improve or expand their dairy farming enterprise

Product Overview & Scale

  • Fsp NameKenya Women Microfinance Bank (KWFT)
  • Fsp ID100829
  • As of Date1/29/19
  • CurrencyUSD
  • Product NameDairy Farming Loan
  • CountryKenya
  • Total Clients Bracket500,000- 1,000,000
  • Product Clients Bracket<10,000
  • Number of Product Clients893
  • Percent of Total Clients that are Product Clients11%
  • Average Loan Size Per Client49
  • Average Loan Size Per Client49

Financial Structure & Pricing

  • loan or product structure is flexibleTRUE
  • loan or product structure is flexible if yes describeFarmer can increase or reduce amount borrowed
  • repayment structure is flexibleTRUE
  • repayment structure is flexible if yes describeWeekly, Monthly or Quarterly. Customers can vary repayments including occasional miss out of monthly repayments
  • loan or product term covers growing seasonTRUE
  • grace period offeredTRUE
  • grace period offered if yes describeMaximum of 3 months period allowed as per client request.
  • group or individual loanBoth
  • apr20%
  • average loan processing time days7
  • is apr or other transparent pricing communicated to clientsTRUE
  • is apr or other transparent pricing communicated to clients if yes describeClient given information of all costs
  • type of primary insurance productLivestock insurance
  • other secondary tertiary insurance product informationLife/Funeral insurance
  • annualized repayment rate of the product98- 100%

Value Chain Support

  • inputs assets services are readily availableTRUE
  • inputs assets services are readily available if yes describeLinking farmers to dairy cooperates
  • inputs assets services are available at time demanded by clientTRUE
  • inputs assets services are available at time demanded by client if yes describeFarmers can access short term loan to purchase inputs
  • inputs assets services available within reasonable distance of clientTRUE
  • inputs assets services available within reasonable distance of client if yes describeFarmers access the inputs readily from the agrovet shops within their area
  • inputs assets services are of good qualityFALSE
  • inputs assets services are of good quality if yes describeGetting quality inputs such as commercial feeds is a challenge
  • type of inputs offeredUsable
  • informal management services providedTRUE
  • informal management services provided if yes describeDairy farmers trained by cooperatives or affiliated organization
  • formal programs in place for post harvest managementTRUE
  • formal programs in place for post harvest management if yes describeFarmers are trained by extension officers from private and public institutions post harvest management
  • if yes to above do over 50 of clients use service programTRUE
  • informal linkages exist between clients and buyers producersTRUE
  • informal linkages exist between clients and buyers producers if yes describeDairy farmers are able to sell their milk produce at the farm gate
  • formal linkages exist between clients and buyers producersTRUE
  • formal linkages exist between clients and buyers producers if yes describeDairy cooperatives in Kenya are well structured and farmers have contracts to supply milk.
  • guaranteed market opportunities exist for clientsTRUE
  • guaranteed market opportunities exist for clients if yes describeFarmers have organised themselves in dairy cooperatives and the cooperatives have contract with processors
  • if yes to above do over 50 of clients use the service programTRUE
  • do over 50 of clients use the service program if yes describeMost farmers deliver thier milk to cooperatives

Training

  • agricultural training available to clientsTRUE
  • agricultural training available to clients if yes describeGovernment,NGOs and private sectors provide extension services
  • agricultural training available to clients using formal curriculumFALSE
  • multiple agricultural trainings delivered during product cycleFALSE
  • organization does quality checks on trainingsFALSE
  • financial literacy training takes places yes noTRUE
  • classroom theoretical training offered by administering partyTRUE
  • classroom theoretical training offered by administering party if yes describeKWFT trains customers on financial literacy
  • training engages clients in participatory learning with additional materialsTRUE
  • training engages clients in participatory learning with additional materials if yes describeClients are trained on how to make transactions
  • training is offered in a convenient location for clientsTRUE
  • training is offered in a convenient location for clients if yes describeClients trained near their homestead or in the home of one of the customer

Measuring Impact

  • regular measurement of farmer yields takes placeFALSE
  • formal measurement with strong control groupFALSE
  • rct or other academic quality work done to verify resultsFALSE
  • measurement of change to profit income or poverty reduction takes placeTRUE
  • measurement of change to profit income or poverty reduction takes place if yes describeKWFT measure the customer impact based on farm returns
  • using methodical process over time to measure changeFALSE
  • what type of poverty measurement metric is usedIncome