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Content : EIF – By the numbers
2% annual fixed interest
You’ll receive your interest in Kenyan Shillings (KES).
11,500 jobs
“Development happens through jobs,” says the World Bank. Our entrepreneurs make their own success, breaking the cycle of dependency
57,000 improved lives
When women find work, entire families benefit
2% annual fixed interest
You’ll receive your interest in Kenyan Shillings (KES).
11,500 jobs
“Development happens through jobs,” says the World Bank. Our entrepreneurs make their own success, breaking the cycle of dependency
57,000 improved lives
When women find work, entire families benefit
Content : EIF – the small print
By the numbers
Every US $100,000 equivalent you invest will produce:
2% annual fixed account
You’ll receive your interest in Kenyan Shillings (KES)
11,500 jobs
“Development happens through jobs,” says the World Bank. Our entrepreneurs make their own success, breaking the cycle of dependency
57,000 improved lives
When women find work, entire families benefit
Content : EIF tab 5 – (Reasons to lend)
Reasons to lend
High repayment rates
Borrowers receive continuous mentoring from Hand in Hand Eastern Africa trainers, resulting in repayment rates of 100 percent.
Reaching more people than with a grant
Because funds are loaned to multiple entrepreneurs over the course of a five-year term, every US $1,000 funded generates at least US $5,000 in loans.
Lending to those who need capital the most
More than 60 percent of Hand in Hand Eastern Africa micro-entrepreneurs support their families on KES 1,100 (US $13) or less per week. Half lack access to running water, and one in three live in huts made of mud or corrugated iron.
Addressing a gap in the market
Microfinance is widely available in Kenya, but not to the rural poor. Our microloans start from as low as KES 5,000 (US $60) and, restricted to one per person, are used purely as catalytic start-up capital, bridging the way to microfinance from larger institutions.
Measuring social impact
Investors receive semi-annual updates on the jobs and businesses created and sustained on the back of their EIF loans.
Content: Independent report on Kenya
Content : EIF – Enterprise Incubation Fund
By the numbers
Every US $100,000 equivalent you invest will produce:
2% annual fixed interest
You’ll receive your interest in Kenyan Shillings (KES)
11,500 jobs
“Development happens through jobs,” says the World Bank. Our entrepreneurs make their own success, breaking the cycle of dependency
57,000 improved lives
When women find work, entire families benefit