Kenya Agency to Development of Enterprise and Technology

Data provided through KADET

Gross Loan Portfolio USD, 2011: 3.7 million

Number of active borrowers 2011: 12,420

Average loan balance per borrower USD, 2011: 301.5

Deposits USD, 2011: 3.2 million

Assets USD, 2011: 7.9 million

Number of depositors 2011: 50,121

Mission:

Securing the children's future through economic transformation.

Background and Main Challenges:

Loan Fund, MIS

Address:

Capitol Hill Towers, 2nd Floor, Cathedral Road, Off Haile Selassie Avenue, P.O. BOX 1676, 00200 CSQ,

Nairobi

0200

Kenya

Phone:

254 020 273 1954

Fax:

+254 20 570 166

Email:

kadet_ltd [at] wvi [dot] org

Website:

www.kadet.co.ke

Main Funding Sources:

Loans

Products and Services:

Loans

Voluntary Savings

Funds Transfer Services

Products:

Kadet offers the following loan features:
- Loan period 6 months
- Loan amounts Kshs. 10,000 and over
- Interest rate 10%
- 1st loan preparation 8 weeks

Services Provided:

Full-scale Financial Services

Business Development Services

Health

Education

Looking for (Investment Types):

Loans in Local Currency

Donations

Capacity Building Grants

Loans in US$

% Operations Comprised by MF:

91 - 100

Date established:

Jan 1 2000

FYE:

30-Sep

Current Legal Status:

NBFI

Regulated:

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
Clients living in rural areas	1
Women	2
Clients living in urban areas	3
+ Development goals (ranked by importance)
Children's schooling	1
Poverty reduction	2
Increased access to financial services	3
Health improvement	4
Growth of existing businesses	5
Gender equality and women's empowerment	6
Development of start-up enterprises	7
Employment generation	8
Water and sanitation	9
+ Poverty targets
+ Governance
Has trained members of its board on social performance management
Has a formal board committee that monitors social performance
+ Range of products and services
+ Financial products and services offered
+ Credit products offered
+ Savings products offered
+ Compulsory insurance products required
+ Voluntary insurance products offered
+ Other financial products and services offered
+ Non-financial services offered
+ Enterprise services offered
+ Education services offered
+ Health services offered
+ Women's empowerment services offered
+ Products and services targeting the poor
Products and services specifically designed to target the poor:	Solar light products, assets such as bicycles
+ Social responsibility to clients
+ Client protection principles in use
The loan approval process requires evaluation of borrower repayment capacity and loan affordability. Loan approval does not rely solely on guarantees (whether peer guarantees, co-signers or collateral) as a substitute for good capacity analysis.
Internal audits check household debt exposure, lending practices that violate procedures including unauthorized re-financing, multiple borrowers or co-signers per household, and other practices that could increase indebtedness.
Productivity targets and incentive systems value portfolio quality at least as highly as other factors, such as disbursement or customer growth. Growth is rewarded only if portfolio quality is high.
Prices, terms and conditions of all financial products are fully disclosed to the customer prior to sale, including interest charges, insurance premiums, minimum balances, all fees, penalties, linked products, third party fees, and whether these can change over time.
Acceptable and unacceptable debt collection practices are clearly spelled out in a code of ethics, book of staff rules or debt collection manual.
The organization's corporate culture values and rewards high standards of ethical behavior and customer service.
A mechanism to handle customer complaints is in place, has dedicated staff resources, and is actively used. (Suggestion boxes alone are generally not considered adequate.)
Customers know how their information will be used. Staff explains how data will be used and seeks permission for use.
+ Cost of services to clients
+ Social responsibility to staff
+ Human resources
+ Basis of staff incentives related to social performance
+ Social responsibility to the environment
+ Poverty measurement tools in use