KWFT, as a microfinance bank, is a member of KBA, the umbrella body of commercial banks and microfinance banks in Kenya. KBA provides KWFT with access to industry research, data, and insights, aiding in strategic decision-making. KWFT participates in KBA’s training and capacity-building programs, enhancing the skills and knowledge of its staff.Membership in KBA allows KWFT to collaborate with other financial institutions to promote financial inclusion and responsible banking practices in Kenya.
KWFT, as a leading microfinance institution in Kenya, is a member of AMFI. Through AMFI, KWFT collaborates with other microfinance institutions to promote financial inclusion. AMFI provides KWFT with a platform for advocacy, networking, and policy influence in the microfinance sector. KWFT benefits from AMFI’s training programs, enhancing the skills of its staff. AMFI supports KWFT in adhering to industry standards and best practices.
The Kenya Mortgage Refinance Company (KMRC) is a non-deposit taking financial institution established in 2018 under the Companies Act 2015. Its mandate is to provide long-term funds to primary mortgage lenders (PMLs) for purposes of increasing availability of affordable home loans to Kenyans. KMRC provides concessional, fixed, long term finance to the primary lenders who include Banks and Saccos so that they can transfer the same benefits to ‘wananchi’, making home loans more accessible to especially the moderate to low-income earners in the country.
By increasing the supply of affordable housing finance, KMRC acts as a key lever in the push to increase homeownership in Kenya. Noting that Kenya’s mortgage market remains underpenetrated, relative to the potential demand for home ownership, KMRC recognizes the upside potential and the downside risks of facilitating home ownership to the moderate to low-income earners.
KWFT is a shareholder of KMRC
Women’s World Banking is dedicated to serve the 1 billion women excluded by the formal financial sector. As an NGO, we partner with financial institutions and policy makers to design and develop solutions and programs that facilitate systemic change for women. As an investor, we advance women in the workplace and as customers through direct equity to bring financial security, prosperity and independence to women.
KWFT partners with WWB to expand financial services specifically for women. Through WWB, KWFT benefits from WWB’s Technical Assistance to train Trainer of Trainers (TOT) on Financial Literacy for customers.
KWFT is a signatory of the UNGC, committing to its principles of human rights, labor, environment, and anti-corruption, demonstrating KWFTs its commitment to ethical business practices and social impact. UNGC provides KWFT with a framework for reporting and monitoring progress on sustainability goals. KWFT also benefits from participating in UNGC’s local and global networks, fostering knowledge exchange.