Another deal coming to us this month courtesy of the CGAP-MIX Capital Markets MCM Newsletter, the Kenya Women Finance Trust (KWFT) received a $600,000 line of credit from Incofin. KWFT is a microfinance institution based in Nairobi, Kenya, and was founded in 1982. It provides loans to women by forming groups of borrowers, or Kiwas, which promote loan repayment. According to year end 2005 data from the Microfinance Information eXchange (MIX), KWFT has 62,790 borrowers and a total loan portfolio of $20.1 million. In addition, it has assets of $33.1 million, debt to equity at 211% and return on assets of 3.61%.
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