Update as of July 30, 2024:

Kiva recently re-assessed the level of risk associated with loans from this Lending Partner. During this process, our analysts gathered updated operational and financial information about the institution, spoke with key members of the staff, and analyzed the Lending Partner’s loan products. As a result, ECLOF's risk rating is now listed as 1 star instead of 2.5 stars. The primary reason for this change in rating is an increase in borrower-level delinquency, which is causing liquidity stress on ECLOF.

We still believe in the impact of ECLOF as an institution and recognize the positive changes they are implementing to address these challenges. However, it is important to accurately represent the current risks associated with their loans.

About ECLOF Kenya:

ECLOF Kenya is a microfinance institution providing financial and non-financial services to micro, small and medium entrepreneurs in Kenya.

As one of the National ECLOF Committees of ECLOF International, the organization provides a variety of services in all sectors of the economy. ECLOF Kenya has recently developed a new higher education loan product with Kiva’s support. 

A unique lending approach:

ECLOF Kenya provides services to the economically active micro, small, and medium entrepreneurs in all sectors of the Kenyan economy. The organization recently developed a new higher education loan product that targets final year students and working students at university and vocational training institutes. .

ECLOF Kenya provides education loans with an interest rate of 18% APR, which is lower than many of the available education loan products in Kenya. Each student receiving the loan will be low income, in good standing with the school and in his or her final year of education. The organization hopes that their loan product will encourage other organizations to also provide education loans, substantially increasing the number of students who are able to obtain access to higher education.