Company Information
Name : Kebirigo Micro- business KenyaRegion: Africa
Established in (year): 2009
Current legal status: Registered Company
Regulated: Yes
Institution’s Mission : Our mission is to provide efficient financial and non-financial services to our members at the grassroots level through co-ordination and mobilization of the communities in order to support and raise their economic standards in the fight against poverty.
Background and Main Challenges: Kebirigo Micro-Busines Kenya is a collaborative venture involving like minded low-income rural people who include the youths, men and women for the purpose of realizing economic success in the three districts of Nyamira, Manga and Borabu in Nyanza Province in Kenya. The programme targets this rural community with the passion of starting or expanding small business ventures but lacks the required financial resources or collateral to secure loans from other financial institutions such as banks.
KMBK is an innovative business organization with the objective of building a solid record in provision of affordable credit facilities and provide opportunity to the community at the grassroots level in pulling itself out of poverty. The main challenge is limited financial resources, lack of funding from the government, banks and other financial institutions. Similarly the target community lacks understanding on the effectiveness of micro-financing in poverty reduction.
The KMBK Board of Trustees provides technical expertise, fundraising, ensure complete transparency and develop relationships with other organizations. The management designs credit policies and ensure effective day-to-day administration of the lending program.
Products: Natural honey, crude sugar, black and green tea, cereals and sweeterners