i come from Japan and I was working in Kenya some time back. Involving NGO especially accouting and financing work. I was thinking donating only contines to be status quo for many people.So it is better people finance and people start thier own business.

Actually I had started to implement micro finance project for some people around me. yes,people wrote business proposal and started their own small scale business. But after it started,people forgot about micro finance project. Meaning,no body returned initial money.

I am wondering it is the failure of my management or lack of system and rules,or actually the idea of micro finance in Kenya or Africa cannot work as many resercher and practioners are saying?

I also would like to know what are the key factors while implementing successful micro finance project in kenya in particular if there is.

Advice me.

@Tycoon.I have a lot of interest in this are.Am thinking of venturing into the same but i have scanty info on how this can be done.Reach me on kinyuapit@yahoo.com

pink

Microfinance institutions are doing great in Kenya and Africa at large,the only challenge that they face is they have to keep inventing their systems and structures that suits their clients and their operations. Remember,there are very few books written on this subject you need an experienced person to bring expertise to your institution. Finally,default is always there but any reputable MFI strives to keep PAR at less than 2%. You may also to explore group guarantee mechanism or chattels mortgage instrument to guarantee your clients loans. Make sure also that your loans are insured againt the risks of death or the clients business burning or the client suffering an incapacitating injury. For more info feel free to email me. I work with one of the most successful MFI in the country.

Boss,



Plse note of Kulchaz expert opinion.He must be in the MF sector or thoroughly read about it.I have also been in the sector for a decade now(an almuni of MFT program).We can share ideas on how to better you project coz ultimately it will help our Kenya entreprenuers.

Give us your email address.


Sogona