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 $930,375 $426,910,600
Amount of Raised Inactive Loans $275 $238,825
Number Of Raised Inactive Loans 1 207
Amount of Paying Back Loans $603,025 $94,248,000
Number Of Paying Back Loans 1,218 101,761
Amount of Ended Loans $327,075 $332,423,775
Number Of Ended Loans 772 435,945
Delinquency Rate 1.91% 1.89%
Amount In Arrears $7,271 $1,148,081
Outstanding Portfolio $380,211 $60,666,465
Number of Loans Delinquent 111 8,937
Default Rate 0.88% 0.97%
Amount of Ended Loans Defaulted $2,883 $3,220,059
Amount of Ended Loans $327,075 $332,423,775
Number Of Ended Loans Defaulted 12 9,823
Currency Exchange Loss Rate 0.00% 0.02%
Amount of Currency Exchange Loss $0 $77,435
Refund Rate 0.05% 0.95%
Amount of Refunded Loans $500 $4,068,925
Number Of Refunded Loans 1 4,589

Kiva HelpLoan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans To Women Entrepreneurs 54.38% 74.04%
Average Loan Size $467 $407
Average Individual Loan Size $467 $646
Average Group Loan Size $0 $1,744
Average Number Of Entrepreneurs Per Group 0 8
Average GDP Per Capita (PPP) in Local Country $1,445 $3,346
Average Loan Size / GDP Per Capita (PPP) 32.34% 12.17%
Average Time To Fund A Loan 6 days 4.68 days
Average Dollars Raised Per Day Per Loan $77.82 $87.00
  Average Loan Term 9.57 months 9.61 months

Kiva HelpJournaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 571 203,883
  Journaling Rate 48.58% 39.99%
  Average Number Of Comments Per Journal 0.01 0.11
  Average Number Of Recommendations Per Journal 0.00 2.72

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% 35.13%
  Profitability (Return on Assets) 1.6% 0.2% -0.15%
  Average Loan Size (% of Per Capita Income) 27.92% 51.50% 47.07%

Kiva HelpCountry Fast Facts

Field Partner Staff

Paul Chomba
Devon Fisher
Leah Gitau
Nelleke Hennemann
Tamara Iwiya
Erick Kisembe
Johnson Kithendu
Benadetta Kivaya
STEPHEN KYENGO
Miriam Mauta
Esther Moyi
Michael Otieno