Financial Sector Development in Africa: Opportunities ... - World Bank

Table 1.2
Fanikisha Project
Type of loan
facility Fanikisha Shaba Fanikisha Fedha Fanikisha Imara Fanikisha Dhababu Fanikisha Almasi Fanikisha Platini
Target
group
Features
For women in startup
process and
microenterprises
who would like to
borrow through
group approach
Targets women who
lack conventional
securities
Targets those in
merry-go-round
market
Lending to groups
(15–30 members)
Access to loans from
K Sh 1,000 to
300,000
Repayment period of
6–12 months
Interest rate 1.25%
per month
Targets women who
have overcome
challenges of
business start-up
Targets women who
lack conventional
securities to secure
their loans and
would borrow
through group
approach
Lending to groups
(7–10 members)
Access to loans from
K Sh 300,000 to
1,000,000
Repayment period of
up to 18 months
Interest rate 1.25%
per month
Targets women in
micro level who
would want to
borrow individually
It is designed to
support the growth
and development of
women microenterprises/smallscale
businesses who
lack conventional
collateral to secure
loans
Lending to
individuals
Access to loans from
K Sh 30,000 to
500,000
Repayment period of
up to 18 months
Interest rate 1.25%
per month
Targets women in
SME level who
would want to
borrow individually
It is designed to
support the growth
and development of
women small and
medium businesses
Lending to
individuals
Access to loans from
K Sh 500,000 to
3,000,000
Repayment period of
up to 24 months
Interest rate 1.25%
per month reducing
Targets women in
SME level who
would want to
borrow individually
It is designed to
support the growth
and development of
women small and
medium businesses
Lending to
individuals
Access to loans from
K Sh 3,000,000 to
10,000,000
Repayment period of
up to 36 months
Interest rate 1.25%
per month reducing
Targets women in
medium and large
enterprises who
would want to
borrow individually
It is designed to
support the growth
and development of
women small and
medium businesses
Lending to
individuals
Access to loans from
K Sh 10,000,000 and
above
Repayment period of
up to 5 years.
Interest rate 1.25%
per month reducing
(negotiable)
25
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