riverbank slides

8/8/2019 Riverbank Slides

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Presented by (name) on (date)

THE STRENGTHENING OF AMICROFINANCE INSTITUTION

THE RISE OF ITS CLIENTS


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Ou r History

We began as River bank Crescent S elf-Help Group, a gather ing of 7 w omen who owned small bus inesses in Njiru Quarry. Because they were not qual if ied

for trad itional banks, but st ill wished for f inanc ial intermed iat ion to de velop the ir bus inesses, the self-help group was formed to address the ir needs. When one of the mem bers needed funds to buy more stock, for example, the money would be borro wed from other mem bers and pa id back accord ing to the ir terms.

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River bank

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Ou r History

Later the lend ing funct ions of River bank were separated from the soc ial funct ions, and

River bank S a vings and was off icially formed. Early on, the organ izat ion was small and faced many challenges.

At times, cred it off icers were forced to track do wn clients throughout Na irobi e veryday and ask for payments. In Fe bruary 2009 , River bank was off icially reg istered as a S a vings and Cred it Co-Operat ive (SACCO) .


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Our Vis ion and Miss ion

V ision : to create an econom ic en vironment where the a bility of the poor to do bus iness is not determ ined by wealth inher ited but by the ind ividuals

comm itment to capture bus iness opportun ities and make the best use of such opportun ities

Mission: to be the lead ing pro vider of microf inance ser vices in

Afr ica through deep understand ing of f inanc ial needs by the econom ically

disad vantaged and use informat ion technology to support inno vat ion of solut ions to meet such needs


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This outlook allo ws us to uphold our vis ion of creat ing an econom ic en vironment where the a bility of the poor to do bus iness is not determ ined by wealth inher ited but by the ind ividuals comm itment to capture bus iness opportun ities

Ou r Approach


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Ou r Services - Prod u ctsRiver bank aga in separates itself from trad itional

banks with our un iqueproducts, wh ich arecustom ized andre vised to spec iallysu it our clientsneeds.


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Ou r Services - Prod u cts

The Instant Loan (Amka Twende) is intended for clients seek ing a small loan of Ksh 2000/ - quickly and con ven iently.The mem ber must sa ve in a River bank account for 7 days, and the loan is to be dis bursed on the tenth day.

An interest rate of 3% i s collected da ily over a repayment per iod of 2 w eeks.S a vings must e qual at least 30% of loan s ize and a guarantor is needed.

our most popular product


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Most clients use the loan to gro w the ir small bus inesses. For example :

Food vendors use the funds to buy more fruits and vegeta bles, f ish, or meat.

Shoe makers use the funds to purchase ra w

mater ials.

Merchants use the funds to buy more clothes for the ir shops.

Carpenters use the funds to purchase timber and tools.


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The Gro u p Loan ( Imarisha Kazi) is a va ilable to up to two mem bers of a group of f ive ind ividuals.Mem bers must sa ve in a River bank account for 4 w eeks.

A loan may be re quested for an amount that does exceed 2 times the ind ividuals sa vings and the total sa vings of the group.

An interest rate of 1.5 % is collected da ily. After 75% of the loan is repa id, non-lend ing mem bers of the group become eligible for a loan.

All mem bers of the group ser ve as the guarantors.


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Ou r Services Savings andInvestment

The investment plan attracts interest at 0.75% per month for depos its with minimum of Kshs 5, 000/ -.

Accounts can also be set for Kshs 20 ,000/ -, Kshs 50,000/ -, Kshs 100 ,000/ -, and Kshs 1,000 ,000/ -. Mem ber sa vings are made into a long term depos it, which can not be withdra wn for a per iod of 3, 6, 9, or 12 months.

Investment prod u cts (Lenga Kikap u ) are des igned to ena ble mem bers to accumulate wealth through long term sa vings.


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Ou r Marketing Strategies

Most of our clients learn a bout River bank from cred it off icers, who are in the f ield vis iting clients e veryday. We ha ve also hosted a num ber of local rallies to reg ister many ne w mem bers at once, somet imes 60 -70 i n one day.


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Ou r Marketing Strategies

In add ition, we ha ve

created a num ber of fliers and brochures to promote the many ser vices we offer and

clearly expla in the deta ils of our products.


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Ou r N etwork

Head O fficeNac ico P laza

Central Na irobi

Branch O ffice:Ha wkers Market,

Kibera

Branch O ffice:Kayole

Mathare:

At Area 4

S er ving Toi Market,Mak ina Market, andent ire Kibera reg ion

S er ving Kayole, NjiruQuarry, Umo ja and

part of D andora

Mom basaNat ional Library Building

,MSA


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riverbank slides

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