K-Rep Bank

This page is an entry from the MicroCapital Universe, the reference wiki kept alongside our news briefs: one profile per institution, investor or fund, compiled from what the organisation itself and the Microfinance Information Exchange had published at the time.

Read it as a dated record rather than a directory listing. The figures quoted here — loan portfolio, assets, returns, borrower numbers — are the ones reported for 2010; ownership in this sector changes hands often, and the telephone, fax and website lines are reproduced from the profile as it stood. They are part of the record, not verified contact details, and we are not an intermediary to the institution. Anyone checking the bank as it is now should use its own current disclosures and the data published in place of the MIX Market.

What the entry is still good for is the shape of the case: how a Kenyan microfinance programme of the mid-1980s turned itself into a licensed commercial bank, which development finance institutions put capital behind it, and what a balance sheet of that size looked like in the years when commercial microfinance was still an open argument. Read next to the briefs listed below, it shows what was known and reported at the time.