Reflecting on the year 2013-2014

As Kenya Women Microfinance Bank grows from strength to strength, we continually wish to thank all our shareholders for their undying support and commitment to ensure that we stay at the top.

In the year 2013 -2014, the Institution has registered impressive results as captured in the 2013 financial report, which serves as a constant reminder of our great commission of partnering with women in their creation of wealth which is the sole reason of its existence.

The Institution remains committed to delivery of exceptional and competitive products to ensure they cater for various needs in the market. KWFT has embraced technology to enhance efficiency thus leading to the introduction of platforms such as mobile banking, a 24 hours call centre, EMV compliant ATM cards and will soon roll out soon Agency Banking to take banking services closer to the clients.

Unique as we are, KWFT made history for being the first microfinance bank in the country to become a member of Kenya Bankers Association, a platform which will see the Institution issue and clear cheques to enhance efficiency.

The future can only be brighter for KWFT as it plans to issue 25 per cent shares to women clients across the country. The allotment of the shares is an assurance to our stakeholders that, for the last 32 years, their efforts has not been in vain. On the other hand members of staff through Employee Share Ownership Programme (ESOP) were allocated a share of the cake to own 20 per cent of the shares, while KWH owns 55 per cent of the shares.

By empowering women, the Institution serves and transforms families, communities, as well as the nation, these efforts have not gone unnoticed, and thus the Institution has grown to be a unique brand whose positive impacts in the society have been felt on various occasions. 

KWFT announced a significant equity boost through a Ksh 1.37 Billion capital infusion from Rural Impulse Fund II, NMI Frontier Fund and NMI Fund III. The new development strongly propels KWFT DTM in its growth path to seal its position as the preferred financial partner for women entrepreneurs in the East African region.

KWFT has received numerous awards and recognitions in various categories such as Best Microfinance Bank in East Africa Overall winner, Distinguished Tax Payer in the Small Tax Payer’s category by KRA and one of the top 3 Companies to Work for in Kenya 2012 and 2013. The Institutions’ clients were also recognized during the 2013 CITI Micro-entrepreneurship Awards; having won in different categories namely Gold, Silver, Bronze and Platinum. Dr. Riria the CEO of Kenya Women Holding and non-executive director in KWFT was named Ernest and Young Entrepreneur of the year 2013 in the East African Chapter for the Global awards. The Institution also scoped awards in the Best Microfinance Bank Stand in the Nanyuki, Machakos and Nakuru ASK Show’s 2014.

Such achievements could only be attributed to the clients’ partnership and loyalty, to which we say “Hongera akina Mama”.   

I’ll conclude by appreciating all the stakeholders who have made us record great success over the years. I would also like to appreciate the Chairlady and the Board of Directors for the support and guidance.

Finally, I wish to thank all members of staff for working exemplary and for their commitment to serving women of our great nation

Affiliation:

KWFT is now an Associate member of Kenya Bankers Association

 

MWANGI GITHAIGA

MANAGING DIRECTOR

 

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