Welcome to Rafode

Poverty that persists in the midst of a sincere desire to work hard and advance financially is a chronic illness that persists in the heart of Kenyan society. Change among the poor is possible only when they are empowered with the tools necessary to bring about sustainable transformation.

Rural Agency for Development (Rafode) is a new, innovative, microfinance institution (MFI) based in Kisumu, Kenya.   The brainchild of seasoned industry professionals, Rafode is in the business of changing lives.  We systematically address the market with the greatest need in Kenya—the rural poor. We provide highly targeted, small, low-interest loans. We provide free training, not on organizational polices and procedures, but on business development and entrepreneurship.  We promote savings, not as collateral against our loans, but as an exercise in financial responsibility.

Rafode’s commitment to the poor is steadfast.  As many MFI’s grow, they cover their increasing costs by dispensing larger, higher revenue loans to more affluent clients, often in urban centers.  This market “drift” usually leaves the rural poor on the periphery, lacking microfinance services with the scale and scope to truly impact their lives.  Rafode has chosen a different path. 

In our view, a MFI can serve the poorest segments of the population while growing into a profitable financial institution.  A commitment to the poor and a commitment to profitability are not mutually exclusive endeavors.  Rather, through innovative thinking and unique strategies, the two are inextricably linked.  Rafode’s potential for aggressive growth arises from its ability to leverage such strategies.  The result is an organization that maximizes revenues, minimizes costs, and addresses client needs.