BRIEF HISTORY, MISSION VISION, AND CORE VALUES
BRIEF HISTORY, MISSION VISION, AND CORE VALUES
Who We Are
BRIEF HISTORY
Fadhili is a Credit only Microfinance Institution that was established in October 2011with its head office in Mombasa Kenya. The company has operations in the Kenyan coastal region and it has grown ever since its inception from one branch in 2011 to seven branches by the year 2017.The branches include Mombasa,Mtwapa,Kilifi,Likoni,Ukunda,Changamwe , Mariakani ,Malindi South,Malindi North,Voi,Kwale,Watamu.
The institution has grown commendably to the current 80 staff and 10,000 clients distributed in all the branches
Fadhili strives to operate in line with international best practices in microfinance which are the common practices, policies and principles followed by successful microfinance institutions all over the world in providing financial services to low-income households. Fadhili offers a broad range of market driven products which respond to the particular needs and the expectations of its diversified customer base in an efficient and quick way.
The mission of Fadhili Micro enterprises LTD is to improve the economic base and wellbeing of the micro entrepreneurs by offering financial solutions through cost efficient methodologies with exemplary customer service.
The institution is been able to achieve its mission by targeting the low income earners and using group lending methodologies by using both the technology like Mpesa and using its staff to meet their clients demands and needs.
The institutions Vision is to be the preferred financial solution provider for the bottom of the pyramid in Kenyan coast in accordance to the three year strategic plan adopted in 2017 to 2020.
Fadhili micro enterprises ltd core values include transparency,efficiency ,respect ,excellence and sustainable value creation
MISSION VISION, AND CORE VALUES
Our Products
Fadhili has been able to tailor make the products to meet the needs of the target market which has give the company competitive advantage in the market.
The products are short term loans which are repayable within duration of one month and maximum 1 year.
Currently there are seven products which include:
- Business loans
- Agri business
- Service industry
- Trade
- Emergency loans
- School fees loans
- Simu loans
- Sikukuu loan
- Individual loan
Our main product is the business loans which are around 60 % of the outstanding loan balances and the institution wants to roll out Small business asset finance
01.
— Our Mission
To improve the economic base and wellbeing of the micro entrepreneurs by offering financial solutions that are technology driven, through cost – efficient methodologies with exemplary customer service.
02.
— Our Vision
To be the preferred financial solutions provider for the bottom of the pyramid in the Kenya.
03.
— Our Motto
Shirika lako, manufaa yako. (Your organization, your benefit)
04.
— Core values
Transparency | Respect | Efficiency | Excellence | Sustainable Value Creation
METHODOLOGY USED
Fadhili uses group lending methodology adopted from Grameen Model. Members form groups of between 15 and 30 members for the purposes of joint liability toward the loans. The co guarantee helps the clients access unsecured loans from the institution and the social security helps to put pressure on the repayments.
