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KADET
4
Kenya Agency to Development of Enterprise and Technology
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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:
no
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
Partnerships
Current
Name
Relationship
AMFI Kenya
Network Affiliation
INAFI
Network Affiliation
Kiva
Funding
Vision Fund
Network Affiliation
World Vision
Network Affiliation
Related Organizations
Current
Name
Relationship
Smart Campaign
Endorsement
At a glance
Assets
Gross Loan Portfolio
Equity
Contacts
Fidel Okillah
fidel [dot] okillah
[at]
kadet [dot] co [dot] ke
254 020 273 1954
George Oloo
george [dot] oloo
[at]
kadet [dot] co [dot] ke
254 020 273 1954
James Kamura
james [dot] kamura
[at]
kadet [dot] co [dot] ke
254 020 273 1954
Peter Mugendi
CEO
peter [dot] mugendi
[at]
kadet [dot] co [dot] ke
+254 20 273 1954
References
Anne Mutahi
Jitegemee Trust
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May 22, 2013 - 7:26pm