K-REP Bank: Alleviating Poverty through Micro-Finance

Half of Kenya’s population of 32 million lives below the poverty line– on less than a dollar a day. Poverty is a self-perpetuating cycle characterized by low levels of education, increased deprivation, and low standards of living. In Kenya there are many interventions underway attempting to break the poverty cycle, with mixed results. One of the interventions yielding real results is micro-finance. K-REP Bank is one of the more successful Micro-finance Institutions (MFIs) in the country. Micro-finance is a development intervention that has evolved to operate on a commercially viable basis by providing banking and financial services to low-income populations.

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