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 $654,594,550
Amount of raised Inactive loans $0 $237,775
Number of raised Inactive loans 0 170
Amount of Paying Back Loans $0 $127,713,500
Number of Paying Back Loans 0 140,758
Amount of Ended Loans $0 $526,643,275
Number of Ended Loans 0 659,174
Delinquency Rate 0.00% 6.75%
Amount in Arrears $0 $5,618,928
Outstanding Portfolio $0 $83,191,085
Number of Loans Delinquent 0 25,382
Default Rate 0.00% 1.11%
Amount of Ended Loans Defaulted $0 $5,866,588
Amount of Ended Loans $0 $526,643,275
Number of Ended Loans Defaulted 0 17,637
Currency Exchange Loss Rate 0.00% 0.14%
Amount of Currency Exchange Loss $0 $895,125
Refund Rate 0.00% 0.71%
Amount of Refunded Loans $24,450 $4,640,300
Number of Refunded Loans 48 5,166

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 58.33% 74.20%
Average Loan Size $509 $417
Average Individual Loan Size $509 $655
Average Group Loan Size $0 $1,843
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $1,800 $3,401
Average Loan Size / GDP per capita (PPP) 28.30% 12.27%
Average Time to Fund a Loan 0.76 days 6.02 days
Average Dollars Raised Per Day Per Loan $673.57 $69.29
  Average Loan Term 9.5 months 10.61 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 324,377
  Journaling Rate 0.00% 41.86%
  Average Number of Comments Per Journal 0.00 0.07
  Average Number of Recommendations Per Journal 0.00 1.71

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 36.00% PY 33.02% PY
  Profitability (return on assets) N/A 0.5% -0.68%
  Average Loan Size (% of per capita income) N/A 56.00% 36.66%

Country Fast Facts

Field Partner Staff

Benson Malenya
Antony Mayodi
Nelson Ondiek