Kenya Women Microfinance Bank (KWFT) prides itself for being the only Financial Institution in Kenya and Africa that serves a niche market, as reflected in the Institution’s slogan ‘Banking on women’. Being the only Women’s Bank in Africa, KWFT endeavours to Partner with Women in their creation of wealth.
KWFT was established in 2008 and began operations in 2009 after successfully taking over the Microfinance business from Kenya Women Holding (KWH).Later in March 2010, it received the CBK license to become a Deposit Taking Microfinance hence KWFT.
From humble beginnings, KWFT has risen to be the most successful Microfinance bank controlling over 45% of the Microfinance market in Kenya. With over 800,000 clients across the country, KWFT has invested in a vast branch network with over 230 offices spread out across 45 out of the 47 counties in Kenya. This has ensured that KWFT has deep penetration into remote, rural and peri-urban areas to ensure that women gain financial inclusion to uplift their living standards.
KWFT is a fully fledged Microfinance Bank offering banking services that includes both savings and credit products that cater for the needs of Micro, Small and Medium sized entrepreneurs. KWFT’s products and services are open to Organized Groups, Individuals, and Corporates. As at December 2014, KWFT had a loan book to Ksh 18.9 billion, asset valued at Ksh 27 billion and deposits of Ksh 17 billion.
KWFT and Barefoot power signed the contract in September 2015 to become partner to supply clean energy solutions, solar lighting and appliances to KWFT customers.
With the partnership with KWFT, we focus on families with a bias to women who live off grid. Our aim is to expand the solar lighting system to all the 45 counties by end of year 2016. KWFT has 70% of its clients living in rural areas and one of largest network of rural agencies in the country.