Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner Description:


SMEP Microfinance Bank is a leading Christian microfinance organization in Kenya. Operating since 1999, SMEP hopes to empower Kenyans and alleviate poverty. Through innovation, it plans to continue to redefine and reinvent its systems to respond to the evolving and active Kenyan marketplace. SMEP aims to maintain a strong, dynamic, customer-centric institution that is a reliable financial partner to all of its customers.

Because of this well established infrastructure, SMEP is able to serve 135,000 clients with a total portfolio of over KES 1.4 billion (US$16.3 million). It is a nationwide institution with 20 branches and 13 satellites covering all major towns in Kenya.

The primary goal of SMEP is to improve the standard of living of economically poor and marginalized entrepreneurs by providing access to credit and other services that can stimulate economic growth. In the long run, SMEP hopes to increase income generating activities among low income entrepreneurs, improve the business management skills of its clients and create an economically sustainable credit program.

SMEP’s unique lending approach:

SMEP’s two main product categories of credit include group and retail loans. These loans are given to micro and small entrepreneurs who have registered with self-help groups and have complied with SMEP group rules and regulations.


These loans average in size from KES 25,000 to KES 3 million (US$292 to $35,000). To protect clients’ interests, these loans are not secured by conventional collateral such as land title deeds or vehicles. Instead, group members guarantee one another. SMEP’s loan portfolio is focused on financing small businesses or micro enterprises operated by low income individuals.

In 2009, SMEP achieved a major milestone by partnering with Safaricom to enable its clients to repay their loans using mobile transaction service M-PESA. 

In 2010, SMEP underwent another transformation. It made the transition from a credit-only institution to one that can also take deposits. To account for this, SMEP has opened branch facilities where its clients can not only receive and pay back loans, but also deposit money into savings accounts.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jul 18, 2009 Oct 12, 2005
Total Loans $6,802,400 $961,155,050
Amount of raised Inactive loans $0 $542,525
Number of raised Inactive loans 0 264
Amount of Paying Back Loans $1,649,250 $144,022,675
Number of Paying Back Loans 3,306 178,942
Amount of Ended Loans $5,153,150 $816,589,850
Number of Ended Loans 13,557 1,025,481
Delinquency Rate 10.33% 8.18%
Amount in Arrears $89,133 $7,694,837
Outstanding Portfolio $862,715 $94,073,118
Number of Loans Delinquent 789 19,665
Default Rate 1.45% 1.40%
Amount of Ended Loans Defaulted $74,977 $11,449,953
Number of Ended Loans Defaulted 437 32,888
Currency Exchange Loss Rate 0.21% 0.46%
Amount of Currency Exchange Loss $14,522 $4,395,675
Refund Rate 0.28% 0.62%
Amount of Refunded Loans $19,175 $5,946,325
Number of Refunded Loans 35 5,964

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 62.76% 75.32%
Average Loan Size $403 $399
Average Individual Loan Size $403 $631
Average Group Loan Size $1,370 $1,759
Average number of borrowers per group 5.8 7.7
Average GDP per capita (PPP) in local country $1,800 $5,882
Average Loan Size / GDP per capita (PPP) 22.40% 6.79%
Average Time to Fund a Loan 8.75 days 6.92 days
Average Dollars Raised Per Day Per Loan $46.05 $57.69
  Average Loan Term 9.82 months 11.11 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 4,124 500,450
  Journaling Rate 23.25% 41.44%
  Average Number of Comments Per Journal 0.01 0.05
  Average Number of Recommendations Per Journal 0.01 1.17

Borrowing Cost Comparison (based on 2014 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 32% PY 36.00% PY 26.14% PY
  Profitability (return on assets) N/A 0.5% -1.25%
  Average Loan Size (% of per capita income) 40.10% 56.00% 16.85%

Country Fast Facts

Field Partner Staff

Abel Michael