Justforkicks: K

Koperasi Keredit Borromeus: The Borromeus Credit Union was created in 1972 with a view to enable its members, staff at Borromeus Hospital in Bandung (Indonesia) to become home-owners. The Union has 194 members, each with average savings of US$25. The goal of the credit union is to improve the welfare of its members by creating a capital fund using savings; granting quickly-obtainable loans under reasonable terms; developing inter-employee relations; and enabling its members to become more assertive. The organizations's funding comes from members contributions, a private foundation of the hospital, private organizations with headquarters in the Netherlands, and a loan from the State-controlled National Savings Bank. Loans are granted first and foremost for housing. The Credit Union offers three possibilities - members can borrow a fixed multiple amount of their total savings, with a view to purchasing land or housing, or for rebuilding or renovating their house; they can purchase a house built by the Credit Union; or low-income staff can benefit from a special housing programme. Members are asked to contribute to two savings schemes, one of which is voluntary and the other compulsory.
Kenyan Womens Finance Trust (KWFT): KWFT is a national private voluntary organization (PVO) that has been actively involved in facilitating credit delivery to rural women since 1981. It is an affiliate of Womens World Banking (WWB), and presently plays a central role in assisting female-owned businesses exclusively. To date, the organization embraces a nation-wide membership of 5000 women spread over four sub-offices, including Kilifi, Kwale, Karatina, and Nairobi. The global lending portfolio is an estimated US$2 million, and program management is committed to expanding membership to 15,000 women by the year 2000.
Contact address: KWFT, Managing Director: Dr. Jennifer Riria-Ouko
P.O. Box 55919, Nairobi, Kenya
Tel: Country and city codes (254 -2) 712823 or 712903 / Fax: (254-2) 723883