Hand in Hand Eastern Africa
Approved to post Kiva loans from: Kenya
Hand in Hand Eastern Africa (HiH EA) is a registered, non-governmental organization in Kenya that works in poor, rural and suburban areas where people have little or no access to basic services and resources.
Focusing mainly on reaching women and youth, the organization aims to alleviate poverty through social mobilization as a means for enterprise and job creation, business training, value addition and market linkage support, and access to microfinance services.
A unique lending approach:
HiH EA targets poor, vulnerable individuals, who are living on less than $2 USD per day and are excluded from the existing financial services in poor rural and urban areas.
The organization has developed a 24-week enterprise development-training program that ensures each borrower has basic business and loan management skills prior to receiving a loan. Each loan on Kiva will be an Enterprise Incubation Fund (EIF) loan, which will help borrowers to start or enhance their enterprises.
HiH EA has specifically tried to target the client segment that most financial institutions shy away from in order to give low-income individuals opportunities they otherwise would not have access to. With Kiva’s support, HiH EA will be able to assist vulnerable individuals, particularly women and youth, to develop credit history, improve livelihood, ensure food security and increase income.
Focusing mainly on reaching women and youth, the organization aims to alleviate poverty through social mobilization as a means for enterprise and job creation, business training, value addition and market linkage support, and access to microfinance services.
A unique lending approach:
HiH EA targets poor, vulnerable individuals, who are living on less than $2 USD per day and are excluded from the existing financial services in poor rural and urban areas.
The organization has developed a 24-week enterprise development-training program that ensures each borrower has basic business and loan management skills prior to receiving a loan. Each loan on Kiva will be an Enterprise Incubation Fund (EIF) loan, which will help borrowers to start or enhance their enterprises.
HiH EA has specifically tried to target the client segment that most financial institutions shy away from in order to give low-income individuals opportunities they otherwise would not have access to. With Kiva’s support, HiH EA will be able to assist vulnerable individuals, particularly women and youth, to develop credit history, improve livelihood, ensure food security and increase income.
Repayment Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Start Date On Kiva | Jun 25, 2014 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $2,333,025 | $2,017,905,110 | |
| Amount of raised Inactive loans | $0 | $357,275 | |
| Number of raised Inactive loans | 0 | 176 | |
| Amount of Paying Back Loans | $115,925 | $157,974,050 | |
| Number of Paying Back Loans | 912 | 190,165 | |
| Amount of Ended Loans | $2,217,100 | $1,822,317,985 | |
| Number of Ended Loans | 10,782 | 2,448,909 | |
| Delinquency Rate | 2.35% | 12.69% | |
| Amount in Arrears | $1,458 | $12,319,588 | |
| Outstanding Portfolio | $47,605 | $97,105,837 | |
| Number of Loans Delinquent | 269 | 71,382 | |
| Default Rate | 0.02% | 1.83% | |
| Amount of Ended Loans Defaulted | $477 | $33,320,922 | |
| Number of Ended Loans Defaulted | 4 | 87,367 | |
| Currency Exchange Loss Rate | 0.36% | 0.48% | |
| Amount of Currency Exchange Loss | $18,173 | $12,416,364 | |
| Refund Rate | 0.15% | 0.54% | |
| Amount of Refunded Loans | $3,575 | $10,929,050 | |
| Number of Refunded Loans | 7 | 9,661 |
Loan Characteristics On Kiva
| This Lending Partner | All Kiva Partners | ||
| Loans to Women Borrowers | 78.50% | 78.39% | |
|---|---|---|---|
| Average Loan Size | $153 | $392 | |
| Average Individual Loan Size | $154 | $586 | |
| Average Group Loan Size | $482 | $1,906 | |
| Average number of borrowers per group | 3.2 | 8.3 | |
| Average GDP per capita (PPP) in local country | $1,800 | $5,594 | |
| Average Loan Size / GDP per capita (PPP) | 8.48% | 7.01% | |
| Average Time to Fund a Loan | 4.26 days | 9.06 days | |
| Average Dollars Raised Per Day Per Loan | $35.81 | $43.31 | |
| Average Loan Term | 12.42 months | 11.48 months |
Journaling Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Total Journals | 1,970 | 1,204,657 | |
|---|---|---|---|
| Journaling Rate | 17.61% | 41.97% | |
| Average Number of Comments Per Journal | 0.00 | 0.02 | |
| Average Number of Recommendations Per Journal | 0.00 | 0.56 |
Borrowing Cost Comparison (based on 2017 data)
| This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
| Average Cost to Borrower | 34% APR | 36.00% PY | 26.44% PY | |
|---|---|---|---|---|
| Profitability (return on assets) | 7.62% | 0.5% | -1.28% | |
| Average Loan Size (% of per capita income) | N/A | 56.00% | 0.00% |
Country Fast Facts
- Country:
- Kenya
- Capital:
- Nairobi
- Official Language:
- English (official), Kiswahili (official)
- Population:
- 45,010,056
- Avg Annual Income:
- $1,800
- Labor Force:
- agriculture: 75%, industry and services: 25%
- Population Below Poverty Line:
- 43.40%
- Literacy Rate:
- 87.40%
- Infant Mortality Rate (per 1000):
- 40.71 deaths
- Life Expectancy:
- 63.52 years
Lending Partner Staff
Jelimo Bilhalucy gaceri
caroline gatwiri
JOYCE KAREITHI
Ronald Kimono
ivylynn kipchumba
Eucabeth Maneno
Paul Marutit
Erick Midida
Penina Mueni
Daniel Mwaniki
margaret mwanzia
Hellen Mwiti
anthony Ngari
joy nyamu
gladys rotich
paul wairimu
Albert Wambugu
Jane Wamutira
Silvana Wanjiru