Date Posted: 1/30/2014 9:41:42 AM
Posted By: meg soni Membership Level: Gold Total Points: 2477
Kenya women trust fund(KWFT) is a microfinance institution that deals in banking in women by offering services and loans to them. Some of the products are;1. BUSINESS LOANS:These loans are very helpful to women who intend to start their own businesses and have little or no capital. There are several types of business loans;• Biashara loans;These loans are from 10000 shillings for women who need little capital, have low monthly savings and have friendly terms and conditions. • Mwangaza loans;These loans are from 50000 shillings. The benefits of these loans are; flexible loan amounts, monthly installments, easy security requirements and net working with business women.• Mwamba loans;Mwamba loans are from 100000 shillings. The advantages of these loans are; fast processing of loans, flexible security requirements, no group requirements and no hidden charges.2. TOUCHING LIFE PRODUCTS:Some of these loans include;• Elimu loan;The benefits of this loan is; flexible repayment terms, free bankers cheque, cheque drawn directly to the school, fast processing of the loan.• Nurse upgrading loan;These loans help nurses in their education. The advantages are; attractive interest rate, easily affordable financing and they get to train as they work.• Emergency loans;The benefits of these loans are; fast processing of loan, flexible security requirements, o hidden charges and covers livestock death, stock loss, fire and burglary.3. ENERGY LOANS:• Angaziamaisha(solar lantern) loan;This helps in conservation of the environment, saving on high cost of paraffin and fuel, enhances income streams and also improves the standard of living.• Stima loan;This loan has its importance, these are; longer study time for children, longer business operating hours, quick connection and new business opportunities.• LPG loan;This saves time for cooking, reduces internal air pollution, saves on high cost of cooking and improves social status.4. AGRICULTURAL LOANS:• KWFT-AMIRAN FARMERS KIT;The farmers have access to modern agricultural methods and technologies, delivery service available, high crop yield and automatic grace period.• Aquaculture;This type of farming can be done anywhere and the loans benefits are; grace period offered, improved food security and alternative source of fish/income.• Rain-fed agriculture;The advantages of these loans include; increased food security, easy access to quality products, crop insurance and training on good farm management.• Dairy Farming;The benefits are; livestock insurance, improved breeding, easy increase in herd size and access to quality dairy cows.5. CONSUMER PRODUCTS:• Water and sanitation loan product;This helps to improve the standard of living, improved sanitation, clean and hygienic water, large volume storage and enhanced water harvesting.• Salary loan;These loans are available to both schemed and non-schemed employees. The loan has great advantages which include the following; very attractive interest rates, flexible repayment terms and top-up loans available to salary loan clients.6. MOBILE BANKING:This type of banking is quite easy and convenient, has 24 hour service. Some of the benefits of this service are; time management, low cash risk, travelling cost reduction and access to cash 24 hours.
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