Name: sam odhiambo
Organisation: Riverbank Credit
Riverbank Credit is a microfinance organization modeled to assist the poor through providing unsecured loans, providing micro –insurance and micro stock brokerage services to the members. Our legal background being a company incorporated to handle lending business of Riverbank Crescent Self Help Group, we have struggled with little or no resources to provide services and are happy with the enthusiastic response the majority of Kenyans have taken towards us . We began operations in May 2008 by taking over the customers belonging to the captioned Self Help Group and with no external funding and no external technical support have given out unsecured loans to 1,400 disadvantaged people in business. Our model is to achieve economic growth through enabling women, minorities and disadvantaged entrepreneurs to pursue their business ambitions in the absence of tangible securities. What began in 2004 as a haphazard effort to commit finances where Banks and other regulated lenders would not has spread spreading out of the cocoon to help total strangers actualize their dreams in an effortless environment fully backed by insurance underwriting of risk from one of the most formidable insurance companies in the country and tampered by strong credit policy developed from experience.