Milango Financial Services
Kenya
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.
| 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 |
| 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 |
| 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 |
| 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% |
- Country:
- Kenya
- Capital:
- Nairobi
- Official Language:
- English (official), Kiswahili (official), numerous indigenous languages
- Population:
- 32,021,856
- Avg Annual Income:
- $1,445
- Labor Force:
- agriculture 75%
- Population Below Poverty Line:
- 50%
- Literacy Rate:
- 85.10%
- Infant Mortality Rate (per 1000):
- 62.62 deaths
- Life Expectancy:
- 44.94 years
Field Partner Staff
Paul ChombaDevon Fisher
Leah Gitau
Nelleke Hennemann
Tamara Iwiya
Erick Kisembe
Johnson Kithendu
Benadetta Kivaya
STEPHEN KYENGO
Miriam Mauta
Esther Moyi
Michael Otieno

