Location: Nairobi, Kenya
Region: East Africa
Neighboring Countries: Ethiopia, Somalia, Tanzania, Uganda, Sudan
Population: 36,913,721
GDP Per Capita (PPP): $1,200 (2006 est.)
Politics: Presidential representative democratic republic
Economy:
- GDP Growth: 5.7% (2006 est.)
- Composition of GDP: Agricultural (16.3%), Services (65.0%) and Industrial Sectors (18.8%)
- Main Agricultural Products: Tea, coffee, corn, wheat, sugarcane, fruit, vegetables, dairy products, beef, pork, poultry, and eggs.
- Main Industries: small-scale consumer goods (plastic, furniture, batteries, textiles, soap, cigarettes, flour), agricultural products, oil refining, aluminum, steel, lead, cement, commercial ship repair, and tourism
- Significant Trading Partners: United States, Uganda, United Kingdom, Japan, South Africa, and the EU
Source: Wikipedia
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Client Banks / K-Rep Bank, Kenya
K-Rep Bank, Kenya
Website: http://www.k-repbank.com
Bank Description:
K-Rep Bank became the first microfinance commercial bank in Kenya in 1999, and has grown to become one of the largest commercial microfinance institutions in East Africa. The bank was established by K-Rep Group Limited, a Kenyan development agency involved in microfinance, research, advisory services, and a host of other development initiatives. K-Rrep specializes in services for households, microenterprises and small businesses.
K-Rep Bank offers a wide range of banking services and aims to bring microfinance into the mainstream financial services sector by demonstrating that providing financial services to low-income populations is not only commercially viable but an important aspect of poverty alleviation. The product and service offering includes group and individual loans, current and savings accounts, ATM cards, letters of credit and guarantees. Clients can access products and services at 24 branches and a network of ATMs across Kenya. The bank also makes wholesale loans to other microfinance institutions and cooperative societies that on-lend the funds to members or employees.
Main ShoreCap Exchange Capacity Building Support Areas:
- Credit risk management
- Small business lending
- Loan review
- Internal audit and controls
- Leadership training
- Small business lending strengthening
Key Accomplishments in Partnership with Exchange:
- Improving K-Rep Bank’s operating efficiency
- Controlling credit quality and improving portfolio at risk
- Development of a regional mentoring program at K-Rep Bank to build local capacity in its small business lending department
- Training for K-Rep Bank’s internal audit staff
|
Financial Performance |
2005 |
2006 |
|
Net Loans Outstanding (in mil) |
$34.5 |
$54.7 |
|
Total Deposits (in mil) |
$26.7 |
$47.3 |
|
Return on Average Assets |
0.9% |
2.1% |
|
No. of Borrowers |
NA |
NA |
|
No. of Depositors |
N/A |
N/A |
|
No. of Branches |
18 |
30 |
|
No. of Employees |
421 |
490 |
|
No. Development Loans |
|
|
|
- Year to Date |
60,000 |
95,554 |
|
- Cumulative |
60,000 |
155,554 |
|
Fx Rate (Ksh/$): |
72.8 |
70.0 |
N/A - Not Applicable
NA - Not Available
