KMET Microfinance relaunches to reach the underserved

KMET CEO, Monica Oguttu the patron to the Microfinance cuts the tape during the relaunch

KMET CEO, Monica Oguttu the patron to the Microfinance cuts the tape during the relaunch

KMET KMET Microfinance was set up in 2004 as a self-sustaining strategy to empower KMET network members economically. It largely drew membership from community health volunteers (CHVs) and hospitals affiliated to KMET the NGO.

Community health volunteers were the main target population since they do not have stable income yet they offer critical health services to communities. KMET works directly with over 1000 community volunteers across the counties.

The micro finance operations were later transferred to the KMET Sacco in 2011, which then had the capacity to handle the ballooning needs of the members.

August 2 2015 saw the re-launch of KMET Microfinance delinking its activities from the KMET Sacco and the mother organization.

Senior Business Advisor, Amos Vele says this is a step to tailor-make financial solutions for small businesses and low-income earners whose needs might not be catered for by the SACCO or other credit facilities.

“We are in the business of improving socio –economic conditions of self-help groups through economic activities, “he says. He further adds that the institution is prioritizing women’s involvement in economic opportunities.

“There is a huge potential among women because many of them are unbanked and still majority of them have a higher capacity to save compared to the menfolk,” he reiterated.

KMET Microfinance has products like Nawiri loan tailored for small businesses, which has low interest rates and flexible repayment periods.

Alongside this are other products like Tiba Mashinani, a healthcare package aiming to finance small clinics and pharmacies that need to upgrade and improve services.

A product in the pipeline is the Mshahara loan for salaried members who would wish to take loans based on their pay slips and asset financing which will finance members to purchase assets.

The future is bright with the microfinance institution planning to make inroads in mobile banking, internet banking and an improved customer service not forgetting an expansion plan to reach more clients

To know more about the products  get in touch with

Amos on cell 0722 127 893

And Dan on cell 0726870104

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