East Africa
Triple Jump Advisory Services has been working in the region since 2006 and has provided grants for technical assistance to 9 MFIs in 4 countries, including one in Sudan which is completed. We currently have 6 active partnerships in: Kenya, Rwanda and Tanzania.
Background
East Africa is one of the poorest regions in the world, suffering from the effects of economic limitations and mismanagement, local corruption and inter-ethnic conflict. The region contains many of the least developed countries in the world affected by years of civil wars, wars between neighboring countries and natural disasters. The poverty levels are extremely high with the percentage of people living on less than a day ranging from 50% to 85%. Famines, drought and disease are common throughout the region. According to the United Nations Human Development report in 2009, all of the East African countries were among the bottom ranked 35 countries.
Although there are thousands of MFIs in East Africa and there is access to funding, MFIs are still in need of funding to launch specific types of products and to build capacity within their organizations. Additionally, technology continues to be a constraint both in terms of knowledge to develop sound strategies and planning as well as funding for equipment and adequate staffing.
