It has been over a couple of years since KEEF established a formidable partnership with MYC4. A partnership that has over the years been of immense benefit to both partners. Over this period KEEF has managed to adequately serve over 1000 businesses by providing them with affordable loans all thanks to you the investors, making you part of the development of lives of business owners directly and those that earn a living from the same business. Investors have helped and enabled Kenyans whom had limited access or no access to credit find a channel to finance their businesses through the partnership. As far as the partnership goes it can be termed as a success.
However, as with all growing institutions, there are challenges that are experienced in the due course of the operations. These challenges are inevitable and with much dedication and proper management they enable these institutions re evaluate how they work, and adapting to the constantly changing environment of doing business. Currently, KEEF has been experiencing such challenges. Several staff members have in recent times been implicated in fraudulent matters and the necessary investigations have been launched by Kenya police to ensure that they are held accountable for their actions. In addition to this, it will serve as a lesson for KEEF being a growing institution on better ways and modalities to safeguard its client’s interest as well as the immense responsibility to all lenders. As an institution we remain committed to ensuring that this formidable partnership forges on from strength to strength for the benefit of all stakeholders. In these regards the repayments for unaffected loan have resumed with a wire transfer of KES 610,356.22, with subsequent weekly repayments resuming as continue to restore normality. We painfully regret the inconvenience caused .
Daniel Kimani, CEO of KEEF