The Akiba Mashinani Trust, Kenya
A local fund’s role in urban development
Bibliographic Data
| ID | 12242570 |
|---|---|
| Authors | Jane Weru (E-mail, corresponding author), Omondi Okoyo (E-mail, corresponding author), Mary Wambui (E-mail, corresponding author), Patrick Njoroge (0009-0007-9561-269X, E-mail, corresponding author), Jacinta Mwelu (E-mail, corresponding author), Evans Otibine (E-mail, corresponding author), Ann Chepchumba (E-mail, corresponding author), Regina Wanjiku (E-mail, corresponding author), Tabitha Wakesho (E-mail, corresponding author), John Pius Njenga Maina (E-mail, corresponding author) |
| Year | 2018 |
| Volume | 30 |
| Issue | 1 |
| Pages | 53-66 |
| Publication date | 2018-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Environment and Urbanization (JOURNAL) |
| Journal identifiers | ISSN: 0956-2478 • E-ISSN: 1746-0301 |
| Publisher | SAGE Publishing (PUBLISHER • US) |
| DOI | 10.1177/0956247817750963 |
| OpenAlex | W2789612909 |
| Language | EN |
| Citations received | 5 |
| References cited | 7 |
This paper describes the funding and financial services provided by the Akiba Mashinani Trust (AMT) to support the Kenyan Homeless People’s Federation (Muungano wa Wanavijiji). Muungano is a federation of autonomous savings groups with over 60,000 members from informal settlements across Kenya. Savings are critical because they enable wealth accumulation, demonstrate the capacity of the community to repay loans and hence leverage additional resources, and build social capital among members. AMT is able to use these savings as seed capital for revolving funds at the community, city and national scales. The funds offer informal settlers a range of financial products, including community project loans, which allow savings groups to finance social housing, sanitation and basic infrastructure in an affordable way. Therefore, unlike formal banking and microfinance institutions, AMT positions its financial services within a broader effort to improve the physical and social fabric of urban informal settlements. The experiences of Muungano and AMT demonstrate the catalytic impact of establishing appropriate financial services geared towards low-income groups – and crucially, how the savings of low-income people can leverage government resources to achieve more inclusive cities
Business · Community development · Economic growth · Economics · Financial services · Government (linguistics · Human settlement · Kenya · Leverage (statistics · Microfinance · Population · Poverty · Sanitation · Slum · Social capital · Homelessness and Social Issues · Microfinance and Financial Inclusion · Urban and Rural Development Challenges · Finance
An enumeration and mapping of informal settlements in Kisumu, Kenya, implemented by their inhabitants
Knowledge is power – informal communities assert their right to the city through SDI and community-led enumerations
The five-city enumeration
Community federations and city upgrading
Beyond the networked city
With and beyond the state — co-production as a route to political influence, power and transformation for grassroots organizations
Co-producing inclusive city-wide sanitation strategies
| Unique citing works | 5 |
|---|---|
| Citations per year | 0,63 |
| Citation span | 2018 - 2023 (6) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 5 |