Founded in 2005, with the home office in Kisumu, we have quickly become a reputable organization, which has proven to be a useful and welcome vehicle built for the poorest Kenyan businesswomen and men. In its simples form Rafode is an organization aimed at poverty alleviation throughout Kenya. Upon closer inspection, Rafode has built an organizational schematic of well thought out directives that will economically revive the most impoverished individuals using groundbreaking micro enterprise initiatives. In this proposal Rafode seeks to assuage the fundamental economic wants of poor women, youths, micro entrepreneurs, and the whole of Kenyan micro enterprise. We recognize the contextual obligations of our plans to focus on inner-city slums and the rural poor.Though our head office is situated in Kisumu, our operation are to spread in the country though our expansion is systematic by engulfing.
With the help of donors and partners, Rafode seeks to optimize funding, and utilize our competencies in Kenya economic development to reach out to poor Rural communities in provision of financial services in the area of business start up and expansion and small scale agriculture financing to increase community food security. Our plan will create a comprehensive tool tailored specifically to address each level of economic development. Rafode will guide the economically active poor from the provision of financial education all the way to the allocation of capital and insurance to start and build a small business,finance agriculture through collaborating with impute suppliers to provide impute and training needed to small scale farmers.our aim is to empower and creat a value chain network connections to our clients. As with any development program, the big question that must be answered is “are the funds really reaching the people who need them the most?” With microfinance in particular, one must also ask if the program is raising enough money through interest and fees to cover its cost and thus be sustainable in the long term. The third related question is if the microfinance organization is effective at collecting its loans. Rural Agency for Development is a microfinance institution (MFI)
