Paper
An Evaluation of Microfinance Programmes in Kenya as Supported Through the Dutch Co-Financing Programme
How has Dutch support helped the microfinance programs in Kenya?
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180 pages
This paper evaluates microfinance programs in Kenya, as supported through the Dutch Co-Financing Program (CFP), to assess the role and importance of microfinance as a tool for poverty reduction in Kenya.
The evaluation study explores two central objectives:
- The outreach, impact and valuation at the client level of the financial services as provided by Kenyan organizations financially supported by Dutch Co-Financing Agencies (CFA);
- The specific contribution of the Dutch CFAs as financial supporters of the Kenyan financial service providers to low-income people and the quality of this contribution.
Further, the evaluation report:
- Questions the legitimization and overall objectives of Dutch CFAs to support microfinance programs in Kenya;
- Assesses impact and valuation of financial services of partners of Dutch CFAs at the clients' level, highlighting results from the client-centered impact assessment of Kenya Women Finance Trust (KWFT);
- Compares policies and practices of Dutch CFAs with regard to the selection and support of partners in the field of microfinance;
- Outlines how Kenyan partners assess the support given by Dutch CFAs.
The report concludes the following points, as mentioned by clients, with regards to KWFT loan program:
- Repeated access to loans has led to increased enterprise turnover and profitability;
- It has improved living conditions of the household (in particular ability to pay school fees, quality of housing, ownership of residential and farm plots);
- KWFT has boosted the self-confidence of women.
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