Staff Mail
Subsidiaries SMEP SMEP
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SMEP IN SUMMARY
Small and Micro Enterprise Programme is a not-for-profit-making micro finance institution. It is registered as a Company Limited by Guarantee but with no share capital.
Before its registration in April 1999, SMEP operated as a small project of the National Council of Churches of Kenya (NCCK) under the name Small Scale Business Enterprise.
As SSBE, it in 1975 as a feeding project in the Mathare Valley in Nairobi, providing the urban poor in the slums with the minimum food required for survival.
Recognizing that the feeding project could not continue indefinitely, the Council developed a micro-credit scheme in 1978 aiming at helping the people become self reliant. The Programme with support from USAID developed the current scheme with a loan through K-REP. As at the end of 1997, SSBE had 2,500 clients and a portfolio of KShs 26 million.
On 10th February, 1998, the Executive Committee of NCCK ratified the establishment of an autonomous Company, SMEP, to carry out the micro finance activities. This decision was made in line with the realization that majority of poor Kenyans have no access for credit and banking services.
SMEP'S VISION
To be a quality provider of financial and non-financial services with a view to alleviating poverty and enhancing a strong and just economy.
MISSION STATEMENT
We are committed to improving the standard of living of Kenyans through the provision of affordable credit and non-financial services by mobilizing resources through catalystic leadership, innovation, networking and team work. We strive to continuously improve the viability of MSE's in Kenya.
STRATEGIC GOAL
SMEP's goal is to develop products that address the needs of our clients, build capacities of participatory communities with a view to improving their economic status and achieve SMEP's operational self-sufficiency and sustainability.
STRATEGIC OBJECTIVES
- To develop into an effective financial intermediary able to provide financial services to micro and small enterprises on a cost covering basis.
- To see increased income for micro and small enterprises operators and their employees.
- To increase employment and self-employment opportunities especially for the low-income earners through increased productive capacity.
- To encourage women to be involved in income generating activities through involvement as clients and leadership of business groups.
- To encourage an attitude of self-reliance and participation among loan clients and foster their democratic involvement in and influencing of society systems that affect them.
- Improve business entrepreneurs
