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Micro Finance Institution (MFI)

Musoni MFI is the largest micro lending  business in Kenya, providing loans for business and agricultural purposes. Musoni lends out about $30 million annually and has partnered with MIC since 2015.

Musoni logo
Illustration shop on fire

Problem

Musoni came to MIC with the aim of reducing Portfolio At Risk (PAR) which ensured business continuity and in addition enable borrowers to bounce back easily and continue with business operation in case of a risk event.

Illustration of market trader

Implementation

The product is sold on an embedded basis with the loan officers in charge of customer education.

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