Turning Point Finance Programme
The Turning Point Finance Programme offers microfinance to parents in the communities where we work. The aim of the micro-loans is to help the parents start up new small businesses or build up existing ones such as selling chips or repairing shoes in Kibera.
The scheme has proven to be a huge success, particularly in targetting the very poorest families.
How it works
The parents arrange themselves into groups of five for accountability and support and interest-free loans are made to individuals within the group. At first just two people receive loans then once they have repaid KSh200 the next two people receive loans, again they must repay Ksh200 before the final group member can access their loan. Repayments are made weekly through the group leaders.
Once all the group members have completed their repayment, the group qualifies for the next size loan, double that of the previous one.
