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 $721,596,850
Amount of raised Inactive loans $0 $330,500
Number of raised Inactive loans 0 280
Amount of Paying Back Loans $0 $134,074,425
Number of Paying Back Loans 0 154,064
Amount of Ended Loans $0 $587,191,925
Number of Ended Loans 0 728,056
Delinquency Rate 0.00% 8.68%
Amount in Arrears $0 $7,570,616
Outstanding Portfolio $0 $87,191,655
Number of Loans Delinquent 0 29,731
Default Rate 0.00% 1.17%
Amount of Ended Loans Defaulted $0 $6,842,874
Amount of Ended Loans $0 $587,191,925
Number of Ended Loans Defaulted 0 19,786
Currency Exchange Loss Rate 0.00% 0.27%
Amount of Currency Exchange Loss $0 $1,945,073
Refund Rate 0.00% 0.68%
Amount of Refunded Loans $24,450 $4,902,575
Number of Refunded Loans 48 5,417

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 58.33% 74.41%
Average Loan Size $509 $416
Average Individual Loan Size $509 $653
Average Group Loan Size $0 $1,848
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $1,800 $5,937
Average Loan Size / GDP per capita (PPP) 28.30% 7.01%
Average Time to Fund a Loan 0.76 days 6.38 days
Average Dollars Raised Per Day Per Loan $673.57 $65.23
  Average Loan Term 9.5 months 10.77 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 354,292
  Journaling Rate 0.00% 41.30%
  Average Number of Comments Per Journal 0.00 0.06
  Average Number of Recommendations Per Journal 0.00 1.56

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 31.80% PY
  Profitability (return on assets) N/A 0.5% -1.92%
  Average Loan Size (% of per capita income) N/A 56.00% 19.51%

Country Fast Facts

Field Partner Staff

Benson Malenya
Antony Mayodi
Nelson Ondiek