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 $644,173,450
Amount of raised Inactive loans $0 $908,375
Number of raised Inactive loans 0 802
Amount of Paying Back Loans $0 $125,991,400
Number of Paying Back Loans 0 138,812
Amount of Ended Loans $0 $517,273,675
Number of Ended Loans 0 648,265
Delinquency Rate 0.00% 4.70%
Amount in Arrears $0 $3,887,610
Outstanding Portfolio $0 $82,655,376
Number of loanDelinquent 0 15,483
Default Rate 0.00% 1.10%
Amount of Ended Loans Defaulted $0 $5,692,370
Amount of Ended Loans $0 $517,273,675
Number of Ended Loans Defaulted 0 17,485
Currency Exchange Loss Rate 0.00% 0.12%
Amount of Currency Exchange Loss $0 $783,507
Refund Rate 0.00% 0.71%
Amount of Refunded Loans $24,450 $4,605,450
Number of Refunded Loans 48 5,145

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 58.33% 74.17%
Average Loan Size $509 $418
Average Individual Loan Size $509 $655
Average Group Loan Size $0 $1,840
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $1,800 $3,405
Average Loan Size / GDP per capita (PPP) 28.30% 12.26%
Average Time to Fund a Loan 0.76 days 5.96 days
Average Dollars Raised Per Day Per Loan $673.57 $70.01
  Average Loan Term 9.5 months 10.58 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 320,387
  Journaling Rate 0.00% 42.09%
  Average Number of Comments Per Journal 0.00 0.07
  Average Number of Recommendations Per Journal 0.00 1.73

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% -0.69%
  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