Habitat for Humanity’s Terwilliger Center for Innovation in Shelter’s partner for the Building Assets Unlocoking Access project – Kenya Women Microfinance Trust (KWFT) took home top honors at the 2017 Banker Africa awards having been declared the “Best Microfinance Institution in East Africa” and the “Best Microfinance Institution in Kenya.” KWFT was also awarded at the 2017 'Think Business Banking Awards' having won “Overall Best Leading Microfinance Bank in Kenya 2017”. The bank was lauded for its innovative, prudent and stable banking solutions with additional awards for “Best Microfinance Bank in Agriculture and Livestock Finance” and “Best Microfinance Bank in Product Innovation (1st Runners-Up)” for the Nyumba Smart Loan.
The Nyumba Smart Loan, developed with the support of Habitat for Humanity International’s Terwilliger Center for Innovation in Shelter is a housing microfinance product that enables low-income earners in Kenya to receive a loan for home construction or home improvements. In addition the clients receive non-financial construction advice to support the clients during the building process.
KWFT is an important partner of Habitat for Humanity’s Terwilliger Center for Innovation in Shelter toward building a sustainable and affordable housing sector for low income earners. KWFT has disbursed in excess of 36,500 Nyumba Smart incremental housing products, positioning itself as leaders in housing microfinance across East Africa.
The award is recognition of KWFT’s continued commitment to providing affordable, innovative and customer-centric housing solutions to the low-income households.
Habitat for Humanity’s Terwilliger Center congratulates KWFT on its growth and accomplishments.