Housing Finance Foundation (HFF) is a subsidiary of Housing Finance (HF), whose vision is to deliver, facilitate and catalyze an industry by providing the relevant practical skills required by the building and construction industry through the creation of one million artisans for Kenya and the East Africa.

A unique lending approach:

Housing Finance Foundation has five main areas of work: technical and vocational entrepreneurial training, homes for the homeless, financial literacy, green technology and environment security. It’s partnership with Kiva will offer loans to students pursuing building and construction related courses.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Sep 30, 2014 Oct 12, 2005
Total Loans $41,975 $939,391,750
Amount of raised Inactive loans $0 $523,475
Number of raised Inactive loans 0 519
Amount of Paying Back Loans $39,625 $144,680,000
Number of Paying Back Loans 28 177,234
Amount of Ended Loans $2,350 $794,188,275
Number of Ended Loans 2 994,961
Delinquency Rate 18.57% 7.81%
Amount in Arrears $5,670 $7,430,834
Outstanding Portfolio $30,527 $95,114,087
Number of Loans Delinquent 19 19,254
Default Rate 0.00% 1.40%
Amount of Ended Loans Defaulted $0 $11,137,575
Number of Ended Loans Defaulted 0 31,507
Currency Exchange Loss Rate 1.83% 0.46%
Amount of Currency Exchange Loss $767 $4,278,396
Refund Rate 0.00% 0.63%
Amount of Refunded Loans $0 $5,887,300
Number of Refunded Loans 0 5,924

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 0.00% 75.19%
Average Loan Size $1,399 $401
Average Individual Loan Size $1,399 $634
Average Group Loan Size $0 $1,772
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $1,800 $5,896
Average Loan Size / GDP per capita (PPP) 77.73% 6.80%
Average Time to Fund a Loan 12.35 days 6.93 days
Average Dollars Raised Per Day Per Loan $113.28 $57.88
  Average Loan Term 46.77 months 11.1 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 29 488,756
  Journaling Rate 0.00% 41.62%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.19

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 12% APR 36.00% PY 25.92% PY
  Profitability (return on assets) N/A 0.5% -0.29%
  Average Loan Size (% of per capita income) N/A 56.00% 17.68%

Country Fast Facts

Field Partner Staff

Josephine Kirumba
Mercy Musau
Caroline Sikasa