Happy New Year and warm greetings as we begin 2018!
We are a few days into the New Year, and I would like us to reflect on 2017 as we forge ahead to a bright and vibrant New Year.
2017 was quite a year for all of us and we acknowledge that it was a tough year for the financial industry as well as to most entrepreneurs in Kenya mainly due to the tough operating environment that was caused by the political uncertainty that clouded the country for the better part of the year. This notwithstanding, I commend our esteemed clients for showing resilience even through the tough times. Amid the economic downturn, I am hopeful that 2018 will bring forth great opportunities for businesses to thrive so as to drive our economy to greater heights. But this will only be possible with continued unity, dedication and hard work.
In spite of the tough challenges in the industry, KWFT remained focused on its mandate hence we were able achieve a lot of developments and great achievements that positioned the Institution as a leader in the Microfinance sector.
Last year alone KWFT won over 40 awards both in the International and National arena in appreciation of our commitment in empowering the women and youth of this great Nation. We were also very honoured that the President, HE Uhuru Kenyatta, also made a visit to our stand at the Nyeri ASK show and commended the Institution for supporting small scale farmers and entrepreneurs and especially in value addition ventures.
Being competitive to seize opportunities, the Institution relaunched one of its products that aimed at offering affordable unsecured financing to salaried employees’ national wide. The campaign was meticulously executed and many salaried customers benefitted from this product.
A good name comes with great responsibilities, and KWFT being a market leader and an authority on women empowerment especially in financial inclusion, saw KWFT being selected to participate in the Nation Leadership Forum. This Forum provided a platform to spotlight issues affecting Kenyans by provoking international, regional and local discussions, shaping opinions and policy directions critical to the development and growth of the country. During the forum I participated as one of the panelist demystifying the topic on ‘The Gender Dilemma’ which is a pertinent issue in Kenya. Follow this conversation on Gender Dilemma on, https://www.youtube.com/watch?v=YcXd-YLOPak
In 2018 we remain focused on improving the livelihoods of our esteemed clients by ensuring that all our products and services are aligned with the Sustainable Development Goals (SDGs) to foster the eradication of poverty, protect the planet and ensure that all people enjoy peace and prosperity.
Innovation is a key focus in the Institution and this year we shall roll out Mobile Loans (M- Loan) to provide convenience and flexibility to our clients enabling them access credit on the go. I also wish to encourage our clients to explore the use of various KWFT alternative channels and payment systems designed to make banking easier such as; ATMs, Mobile Banking, Agency Banking, PesaLink , Electronic Funds Transfer (EFTs), Real-time Gross Settlement (RTGS) as well as Money transfer services (Western union, MoneyGram, Mpesa, Airtel Money)
I am confident that with alliances with like-minded partners, KWFT will be able to provide life touching products and services to support our clients in various aspects such as in trainings, affordable housing, agribusiness ventures, value addition as well as in insurance I take this opportunity to appreciate all our stakeholders for the support they have accorded Institution in 2017 and we look forward to a successful 2018.
Receive my very best wishes to you and your family for a prosperous 2018!