Micro-finance in Kenya : is micro-finance in Kenya a tool for social change?

This paper seeks to explain the role of micro-credit in Kenya as a tool for social change. It was inspired by my studies in Bangladesh Asia (2001) and eventual practicum as a Savings and Micro-credit Coordinator with St. Martin CSA in Nyahururu, Kenya. The introduction to this paper is an explanation of how I came to choose the topic. It explains my experiences during my course study and the eventual choice of the topic on micro-credit. The literature review is a thematic analysis of the existing works in the field of micro-credit. The research was carried out by use of different methodologies to enhance triangulation hence validity of this study. There were in depth interviews conducted, group interviews, field observations and finally secondary research. The data has been objectively presented as was collected. This has been followed up by content analysis based on the findings to answer the question and sub questions raised. This research has revealed incredible efforts being made by different micro finance institutions in Kenya namely; Kenya Rural Enterprise Program (K-REP), Kenya Women Finance Trust (KWFT), Faulu Kenya, Kenya Microfund Organization (MEKO), and Sominerec -Bidii Kwa Maendeleo (BKM) to endeavor for economic progress of low income people. The programs employ different approaches to work toward poverty alleviation. Conclusions from this research are practical considerations that St. Martin should take in order to build a thriving microfinance institution. This paper seeks to explain the role of micro-credit in Kenya as a tool for social change. It was inspired by my studies in Bangladesh Asia (2001) and eventual practicum as a Savings and Micro-credit Coordinator with St. Martin should take in order to build a thriving microfinance institution.