Category Archives: News

On March 5^th 2024, KWFT welcomed the executive team of Water.org to KWFT Centre, Upperhill. The occasion saw the Water.org team paying a courtesy call to the KWFT Managing Director and engaging in a series of visits to witness firsthand the fruits of their collaboration.

 

The  water.org executive team comprised of Gary White (CEO & Co-founder), Jay SchwartzCoffey (Chief Financial Officer), Janet Tinsley (Chief Global Impact Officer), Griselda Santos( Regional Director, Southeast Asia), Francis Musinguzi (Regional Director, Africa) , Collins Owiti (Senior Partnership Accounts Manager) and  Jamilla Kang’ahi Rajabu (Senior Partnership Account Manager). The team met the KWFT MD, Mwangi Githaiga and senior leadership management of KWFT.

 

For more than 10 years, Water.org and KWFT have joined forces to address one of Kenya’s most pressing challenges: access to safe, affordable, and accessible water. This enduring partnership has transformed the lives of countless individuals and communities across the country.

 

The visit commenced with an interactive meeting at the KWFT headquarters, where the Water.org team was presented with the inspiring journey of KWFT’s commitment to financing Kenyan women in accessing water. Through innovative financing solutions, KWFT has empowered women to take control of their lives and uplift their families and communities.

 

The latter part of the visit was a trip to Kandara, Muranga, where the Water.org team met two beneficiaries of the KWFT and Water.org partnership. These women, once burdened by long and arduous journeys to fetch water from distant rivers, now have access to clean water right in their homes.

 

Their story serves as a tender reminder of the challenges faced by many Kenyan families in accessing water and the profound impact that strategic partnerships can have in addressing such issues.

 

KWFT’s dedication to empowering women extends far beyond water access. Through collaborations with visionary partners like Water.org, KWFT has been at the forefront of driving positive change in communities across Kenya.

 

KWFT extends its gratitude to Water.org for their unwavering support and partnership over the years. Together significant strides towards a future where Kenyan access to safe and reliable water has been made possible.

KWFT is delighted to announce its recognition at the 2023 SFI Catalyst Awards organized by Kenya Bankers Association where the institution is a Member Bank.

 

This was the 7th Edition of the SFI Catalyst Awards by Kenya Bankers Association (KBA) and the event was presided over by Dr. Habil Olaka- CEO Kenya Bankers Association, Tamara Cook- CEO FSD Kenya and Geoffrey Odundo- CEO – Nairobi Securities Exchange. KWFT was represented at the event by Kibet Kipkemoi- Director ICT& Banking Operations and Juliana Wanjiru- GM Marketing, Communications & Innovation.

 

The Catalyst Awards aim at recognizing Financial Institutions that continue to drive a positive impact on the Economy, Society and the Environment through Sustainable Financing Initiatives. Members of the KBA, Non-KBA members, mobile network operators offering financial services and Financial Institutions were eligible to submit entries for the Catalyst Award.

 

The awards were as follows;

 

BEST BANK IN PROMOTING GENDER INCLUSIVITY:

 

KWFT emerged the winner

This category focused on a Firms commitment in promoting gender parity through policy formulation and implementation. Banks were encouraged to showcase their role in encouraging women to be formally included in the financial services sector that included the workplace and marketplace (by developing products geared towards empowering female entrepreneurs).

 

MOST INNOVATIVE BANK CATEGORY:

 

KWFT emerged 2nd position

This category focused on how technology can be leveraged to reach untapped and marginalized market segments. It also focuses on ways firms can innovate and enhance their service delivery as well as, expand a firm’s reach/scale.

 

In this category, KWFT showcased 2 Innovations implemented through Partnerships with Fintechs namely:

 

§ Ibuild that enables KWFT to collect data and report on social impact of KWFTs Home Improvement product offering.

§ Rapidvets as a tool used by the KWFT to connect livestock farmers with qualified veterinary officers for purposes of obtaining livestock valuation reports.

 

 

FINANCING SMALL & MICRO ENTERPRISES CATEGORY:

 

KWFT emerged 3rd position

This category focused on Firms that have contributed to Sustainable Economic Development through financing Small and Medium-sized Enterprises (SMEs). Firms were encouraged to highlight how they have extended credit to SME’s who are in green growth activities.

 

KWFT’s steadfast commitment to gender inclusivity, coupled with innovative financial empowerment and technological integration, has reshaped the narrative as well as established a benchmark in the banking sector.

 

A heartfelt appreciation to the KWFT team as these efforts have undeniably transformed lives of Kenyan families

On November 21st, 2023, KWFT Bank had the distinct honor of being invited to the AFAWA Finance series in Kenya, where Mr Mwangi Githaiga served as a keynote speaker on the panel. The AFAWA Finance Series was organized by the African Development Bank (AFDB) in collaboration with the African Guarantee Fund (AGF). The event was held at Safari Park, Kenya.

 

AFAWA’s approach challenges the gender gap in access to finance and liberates women’s entrepreneurial capacity in Africa.The theme of the panel discussion was ‘Bridging the Gender Financial Gap’

 

The event was graced by esteemed guests.The chief guest was Hon. Ann Waiguru (Chair of council of governors). The other guests were Harriet Chiggai (Office of the president’s Advisor on Women’s rights), H.E Gladys Wanga (Homa Bay County Governor), Dr.Chris Kiptoo (Principal Secretary, National Treasury), Hon. Beatrice Elachi(Deputy Chairperson, Kenya Women Parliamentary Association),Dr. Susan Koech (Deputy Governor Central Bank of Kenya) ,Mr. Jules Ngankam (AGF CEO), Dr. Josephine Ngure (AFDB Regional Country manager) .

 

Other panelists sharing the platform were notable leaders, such as Mr. Anuj Mediratta (CEO, Gulf African Bank), Betty Korir (CEO, Credit Bank), Elizabeth Wasunna (Director, Business Banking, Absa Bank Kenya), and Lilian Mramba (Chief Investment Officer, Grassroots Business Fund)

 

Mr. Mwangi Githaiga shared expertise on empowering women economically highlighting its significance in societal development. The discussions covered various topics, including the barriers faced by women in accessing finance, the role of financial institutions in supporting women entrepreneurs, and the necessity for innovative financial products tailored to women’s specific needs.

 

KWFT’s takes pride in being part of such impactful discussions that align with our commitment to fostering inclusive financial practices. This role is a testament to KWFTs position as a key industry player that has set the pace in women’s financial inclusion.

On the 13th of September 2023, The KWFT Managing Director, Mwangi Githaiga accompanied by Senior Leadership Team had the privilege of hosting 9 Members of Ugandan Parliament who were on a benchmarking and study tour of the Kenyan microfinance sector. This exchange was made possible courtesy of Association of Microfinance Institutions (AMFI).

The value of Kenya’s sectors, particularly in the realm of microfinance and women’s financial inclusion, cannot be overstated. By studying these best practices, Uganda can gain valuable insights into crafting policies and strategies that promote financial inclusion and gender equality within its own borders.

As a model institution, the KWFT MD gave a comprehensive presentation to demonstrate the Institution’s core activities and its innovative approaches to women’s financial empowerment. This highlighted KWFT’s commitment to offering accessible financial products and services tailored to the unique needs of women entrepreneurs and individuals in rural and marginalized communities in Kenya.

The delegates were impressed by KWFTs approach to sustainable finance and the presentation set the stage for insightful discussions.

KWFT’s hosting of the delegation from the Parliament of Uganda marked an important milestone in fostering knowledge-sharing and cross-border collaboration within the East African region. This exchange of ideas and experiences between Uganda and Kenya promises to lay the foundation for future advancements and collaborations in the pursuit of gender equality and financial inclusion.