Micro lending has become an effective tool in Kenya to support entrepreneurship and improve economic conditions. It helps reduce poverty, create jobs, and boost incomes through access to small loans that can be used to finance micro-enterprises or purchase assets for income-generating activities. Micro lending is especially beneficial for those in rural areas who are not able to access traditional forms of credit from banks and other financial institutions due to lack of collateral or limited economic opportunities.
We average 260,000 requested loans per day. Our system has the capabilities to give out 3.0MM loans per day.
Micro lending enables people to start or expand businesses without the need for significant upfront capital investments. This provides individuals with the opportunity to generate greater income than they could otherwise earn by staying in their current employment situation. Additionally, it can provide entrepreneurs with more autonomy over their income sources. The loans also enable entrepreneurs to increase productivity and efficiency, which can lead to increased output and quality of products or services.
The Government of Kenya has been instrumental in promoting micro lending initiatives, offering subsidies, loan guarantees, and other incentives to encourage participation. By providing access to credit for small businesses, the country can reduce unemployment and support economic growth. In addition, micro-lending organizations offer mentoring as well as business management training for those just starting out or expanding their existing operations.
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Micro Lending That Makes A Difference
Positiviti Lending is an International Peer-to-Peer Micro Lending Program. Participation in Positiviti Lending is subject to our terms and conditions. Lender Members are advised to read and understand before engaging with our program. Positiviti is a sponsored program within World Workforce International Inc., a 501(c)(5) nonprofit organization's framework. Positiviti Lending is not a bank, is not FDIC insured, and does not guarantee returns. While the program aims to facilitate profitable lending, potential principal loss can occur due to inherent risks. Positiviti Lending is not an insurance program and shall not be liable for any claims, damages, or losses arising from misconceptions regarding the nature of the program. Participation in Positiviti Lending signifies acceptance of these terms and conditions.