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Tag Archives: Creative

Categories Business

KWFT joins the United Nations Global Compact Network

KWFT is delighted to be the first Microfinance to join the United Nations Global Compact Network as part of the Institution’s ongoing efforts to work collaboratively with like-minded partners to advance sustainability and support the delivery of the UN Sustainable Development Goals (SDGs). The launch event was held on 12th October 2021 at the KWFT Centre yesterday.

The UN Global Compact has grown to be the world’s largest corporate sustainability initiative and global movement of more than 13,000 businesses across 160 countries and works to accelerate and scale the collective impact of businesses by upholding the Ten Principles on Human Rights, Labour, Environment, and Anti-corruption as well as delivering the SDGs.

The Network will give KWFT a platform to showcase its journey in transforming the lives of its customers as well as learn best practices from other Network Members. The Institution commits to align its operations and strategies with the Ten Principles into its corporate strategy, value systems, culture, and operations.

In addition, KWFT will diligently keep track of the progress and share its successes with the rest of the Network Members, enhance its participation in the sustainable business and development space as well as position the Institution on social impact.

Categories Business

KWFT’s Mark of Excellence – SFI Catalyst Awards

KWFT is delighted to have triumphed during the Catalyst Awards 2019. The awards launched the Kenya Bankers Association (KBA) in 2016, over the years have sort to recognize and celebrate institutions that practice catalytic finance which has a direct impact on the financial industry, economy and the society at large.

This year, the Catalyst Awards attracted 47 entries from 14 financial institutions, they included; KWFT, ABC Bank, Barclays/Absa, Co-operative Bank, Credit Bank, DTB, Equity Bank Group, Faulu Microfinance Bank, KCB Bank, National Bank, NCBA, Rafiki Microfinance Bank, Stanbic Bank and Standard Chartered Bank. It is worth to note that Kenya Bankers Association has a membership of 46 Banks.

The awards celebration was held on Friday 15th, November 2019 at the Serena Hotel Nairobi and presided over by the Central Bank of Kenya Governor Dr. Patrick Njoroge.

KWFT’s performance was exceptional as we were the only Microfinance Bank which was awarded for having embedded Sustainable Finance Practices in all our banking operations.

The Institution submitted strong cases in its entry categories which went through a rigorous judging process where KWFT came out strong as follows:

  • Category 2(D): Promoting Gender Inclusivity – Winner
  • Category 7: Most Improved Bank Award – Winner
  • Category 2 (A): Financing Small Medium Enterprises – 1st Runners Up
  • Category 6: Best Overall Bank Award – 2nd Runners Up

KWFT commends the Kenya Bankers Association for providing a platform that encourages all Financial Institutions to embrace the Sustainable Finance Initiative (SFI) guiding principles to ensure the success of the banking industry.

KWFT will continue to offer sustainable solutions while encouraging gender inclusivity to foster financial inclusion for sustainable economic development.