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