Milango Financial Services is a private limited company by shares registered in Kenya in the year 2009. Their head office is located in Mombasa town on Moi Avenue at Rozina house next to the famous Mombasa elephant tusks opposite Uhuru Gardens. The organization is currently serving 4 Counties of the larger coast region which has 6 Counties. Their desire is to have a presence in all of the counties and Extend operations in the neighboring lower Eastern Counties by year 2012.

Milango is particularly focused on women and the youth, as both categories are largely excluded in the mainstream financial markets and the form a large portion of the base of the pyramid. The organization sees itself as agents to spur acceleration of including these two demographics to the banked statistics and not just statistically but much more with tangible transformation both to their lives and their communities.

Kiva HelpRepayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Sep 28, 2011 Oct 12, 2005
Total Loans $1,377,225 $537,835,100
Amount of Raised Inactive Loans $0 $320,475
Number Of Raised Inactive Loans 0 249
Amount of Paying Back Loans $536,225 $109,850,425
Number Of Paying Back Loans 1,042 113,387
Amount of Ended Loans $841,000 $427,664,200
Number Of Ended Loans 1,877 549,502
Delinquency Rate 20.74% 3.39%
Amount In Arrears $49,760 $2,403,768
Outstanding Portfolio $239,925 $70,950,902
Number of Loans Delinquent 469 10,653
Default Rate 0.91% 1.01%
Amount of Ended Loans Defaulted $7,650 $4,334,868
Amount of Ended Loans $841,000 $427,664,200
Number Of Ended Loans Defaulted 47 14,050
Currency Exchange Loss Rate 0.00% 0.06%
Amount of Currency Exchange Loss $0 $298,028
Refund Rate 0.19% 0.82%
Amount of Refunded Loans $2,650 $4,417,000
Number Of Refunded Loans 5 4,864

Kiva HelpLoan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans To Women Entrepreneurs 55.60% 74.09%
Average Loan Size $472 $417
Average Individual Loan Size $472 $656
Average Group Loan Size $0 $1,812
Average Number Of Entrepreneurs Per Group 0 8
Average GDP Per Capita (PPP) in Local Country $1,800 $3,463
Average Loan Size / GDP Per Capita (PPP) 26.22% 12.05%
Average Time To Fund A Loan 7.04 days 5.28 days
Average Dollars Raised Per Day Per Loan $67.00 $78.99
  Average Loan Term 9.19 months 10.05 months

Kiva HelpJournaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1,260 268,526
  Journaling Rate 45.98% 42.10%
  Average Number Of Comments Per Journal 0.00 0.09
  Average Number Of Recommendations Per Journal 0.00 2.06

Kiva HelpBorrowing Cost Comparison (based on 2011 data)

    This Field Partner Median for MFI Peers in Country All Kiva Partners
  Portfolio Yield 40.80% 32.90% 34.93%
  Profitability (Return on Assets) 1.6% 0.2% -1.11%
  Average Loan Size (% of Per Capita Income) 27.92% 51.50% 42.70%

Kiva HelpCountry Fast Facts

Field Partner Staff

Kennedy Kirui
Johnson Kithendu
Miriam Mauta
Esther Moyi
Boniface Muthusi
Charles Mwango
Moses Wafula