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This project follows last year's successful District Grant P-5391. The Rotary Club of Nairobi Karengata, Kenya, has identified a community need in Ongata Rongai town for micro-loans to members of groups of refugees who cannot obtain regular credit. Groups must have pre-existed for at least a year, and members must know each other well and must guarantee each other's loans. The implementing partner, Alliance for African Assistance-Kenya, will manage the project without fee. Groups will be selected after an interview process and will be trained to maintain business records. Loans will be made electronically (using Mpesa) from a separate bank account maintained by the implementing partner, and loan repayments will be deposited in that account. Project funds will be a "revolving fund" that will provide new loans as repayments are made. Rotary Club members will be involved in interviewing groups, providing business training, and oversight. See attached documents.
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