Kenya Women Trust Fund Microfinance Products and Services and the benefits.

  

Date Posted: 1/30/2014 9:41:42 AM

Posted By: meg soni  Membership Level: Gold  Total Points: 2477

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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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