Rafode is a non-profit community development organization formed to provide financial services to the low income people in Kenya. We aim at reaching out to economically poor populations through the provision of savings and credit facilities. Our mission is to enable the poor to get access to credit and save in order to help them adress life cycle risks.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jan 4, 2007 Oct 12, 2005
Total Loans $0 $572,734,750
Amount of raised Inactive loans $0 $309,625
Number of raised Inactive loans 0 297
Amount of Paying Back Loans $0 $117,225,675
Number of Paying Back Loans 0 123,043
Amount of Ended Loans $0 $455,199,450
Number of Ended Loans 0 579,866
Delinquency Rate 0.00% 3.64%
Amount in Arrears $0 $2,779,164
Outstanding Portfolio $0 $76,342,031
Number of loanDelinquent 0 11,617
Default Rate 0.00% 1.08%
Amount of Ended Loans Defaulted $0 $4,922,248
Amount of Ended Loans $0 $455,199,450
Number of Ended Loans Defaulted 0 15,204
Currency Exchange Loss Rate 0.00% 0.07%
Amount of Currency Exchange Loss $0 $405,498
Refund Rate 0.00% 0.78%
Amount of Refunded Loans $24,450 $4,475,600
Number of Refunded Loans 48 5,003

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 58.33% 74.23%
Average Loan Size $509 $418
Average Individual Loan Size $509 $657
Average Group Loan Size $0 $1,823
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $1,800 $3,443
Average Loan Size / GDP per capita (PPP) 28.30% 12.15%
Average Time to Fund a Loan 0.76 days 5.49 days
Average Dollars Raised Per Day Per Loan $673.57 $76.15
  Average Loan Term 9.5 months 10.23 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 285,900
  Journaling Rate 0.00% 42.45%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.00 1.94

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Portfolio Yield N/A 36.00% 33.65%
  Profitability (return on assets) N/A 0.5% -1.29%
  Average Loan Size (% of per capita income) N/A 56.00% 41.84%

Country Fast Facts

Field Partner Staff

Benson Malenya
Antony Mayodi
Nelson Ondiek