Project Description
Revolving Loan Fund serves as a dynamic financial resource, specifically designed to foster small business development. It operates on a unique model where funds continuously circulate within the community. Essentially, as loans are granted to individuals for business ventures, the repayment of these loans replenishes the fund, making capital available for subsequent loans to other members.
Our organizational structure ensures regular engagement and accountability, with groups convening on a monthly basis. This not only facilitates the smooth operation of the loan process but also fosters a sense of community and mutual support among the participants.
At Forum Kenya, we are committed to stimulating local entrepreneurship and economic growth, thereby contributing to the overall development and empowerment of our communities.
Forum Kenya actively champions the growth and development of small businesses through its Table Banking Revolving Loan Fund project, a vital gap financing measure. Functioning as a self-replenishing pool, the Revolving Loan Fund (RLF) utilizes repayments from existing loans to finance new ones, ensuring a continuous flow of resources.
We have been instrumental in mobilizing both rural and urban community groups, successfully introducing this project to hundreds of them. Beyond just providing financial resources, Forum Kenya is dedicated to enhancing the livelihoods of group members. We achieve this by offering training on effective utilization of loans, ensuring that these funds not only support business ventures but also significantly improve the standards of living for our participants.
Project Details
Through Revolving Loan Fund, Forum Kenya Development Foundation has seen most of self help groups succeed.
Groups: Hundreds
Region: Kenya