R5: Refugee Lending Facility
Kaah International Microfinance Services (KIMS) is the Somali market leader in the provision of Sharia compliant Microfinance services. KIMS has been in operation since 2013 and to date has provided over $14 million in financing to more than 13,700 clients. At present KIMS has an active portfolio of more than 4,150 clients worth $3.8 million.
At SOCAP 2018, Kiva announced the creation of Kiva Capital, an impact-first asset manager, and with it the launch of their first fund, focused on raising $30M for refugee financial inclusion. The fund is expected to catalyze almost $100M in loans over its projected 5-year term, with direct impact to over 200,000 borrowers. The vehicle will offer a range of sub-commercial return streams for institutional investors.