• Mission, Vision & Objectives

  • KIMS is the Market Leader in Microfinancial Services in Somalia.

    Kaah International Microfinance Services (KIMS) was launched in 2014 as Somalia’s first and only privately-owned microfinance institution. KIMS operates on a commercial basis providing enterprise financing and linked savings services to low income but economically active Somalis and Somali small businesses.

     

    Headquartered in Hargeisa (Somaliland), KIMS runs its operations through its 11 branches in 9 different locations throughout Somaliland, Puntland and Southern and Central Somalia. They have provided financial services to over 9,000 clients since their launch, with a total of more than $8 million of financing provided, which resulted in the creation of an estimated 6,000+ new jobs.

     

     

  • Mission

    KIMS aims to be a leading provider of Sharia compliant

    micro and small enterprise (MSE) finance services in Somalia.

  • Vision

    KIMS contributes to the economic and social development of Somalia

    through the provision of high quality microfinance services to enterprises via a

    professional, customer-centric and commercially viable business model.

  • Operational Objectives - 2021

    By 2021 KIMS will achieve the following business objectives:

    Increase its active

    client base to

    24,000 MSEs

    Provide cumulative

    financing to over

    80,000 MSEs

    Provide cumulative

    financing totaling

    $USD 98 million

    Have an active

    portfolio of

    $USD 27 million

  • Social Objectives - 2021

    By 2021 KIMS will achieve the following social objectives:

    Financial Inclusion

    60,000 Somali entrepreneurs

    provided with first-time finance.

    Job Creation

    KIMS financing will stimulate an

    estimated 75,000 new jobs.

    Women's Empowerment

    Half of all clients will be female

    business owners.

    Serving Vulnerable Groups

    5,000 former refugees and internally

    displaced people will be provided with

    skills training and financial access.

    Youth Employment

    5,000 youth will be provided with

    start-up business support packages.

    Rural Outreach

    40% of KIMS clients will be from rural areas.

    Savings Culture

    Over $USD 5 million in savings accumulated by KIMS clients and a strong culture of savings encouraged within communities .

    Financial Capability

    50,000 clients will be provided with

    financial literacy training to improve their

    ability to make financial decisions.

    Energy Access

    At least 5,000 clients will be support to install solar home systems through KIMS energy financing scheme.

  • Timeline

    2013

    KIMS registered as Non Banking Financial Institution (NBFI)

    in Somaliland and Puntland

    ~

    Build-Operate-Transfer (BOT) model delivered

    with the support of K-REP Advisory (Kenya)

    2014

    KIMS registered as NBFI in South Central Somalia

    ~

    Lending operations launched in Somaliland and Puntland

    2015

    Lending operations launched in South Central Somalia

    2016

    Refugee returnee training and financing project launched

    ~

    Fisheries value chain financing project launched

    2017

    KIMS registered as Non Banking Financial Institution (NBFI)

    in Somaliland and Puntland

    ~

    Build-Operate-Transfer model delivered

    with the support of K-REP Advisory (Kenya)

    2018

    KIMS Rebrands

    ~

    Solar energy financing scheme launched

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