Longitude Finance

30/12/2019

Season's Greetings from all of us at LOFIN and Best Wishes for the New Year/Decade 2020 ! Thank you for the collaboration.

21/06/2019

We have entered into a partnership with UNHCR Kenya to offer loans to refugees who wish to engage in small businesses to improve their livelihoods. In the picture is the UNHCR team lead by Ms Danya Kattan with Michael Monari CEO Longitude Finance; when they visited LOFIN offices to sign of such that we can commence ex*****on of the programme. We are excited to be the first FI to commence lending to small businesses run by refugees to improve the livelihoods of these vulnerable human beings who live among us.

02/01/2019

Christophe Jocktane-Lawson Joins Longitude Finance Advisory Board
We are excited to announce that Mr Christophe Jocktane-Lawson, a career international banker has agreed to join our advisory board; and will subsequently be a full board member. Christophe brings over to us three decades of specialized financial services knowledge; having worked in Europe and in a number of African countries as a top executive in Ecobank Group and Citibank. He is very well networked with various FIs and DFIs which collaborate with LOFIN; and his joining our board, will not only strengthen, but it will also boost the support we require from the said institutions. He is a corporate governance enthusiastic; a talent LOFIN is bound to benefit from at board level. We warmly welcome Christophe on board; and look forward to a great year of 2019; and beyond. Christophe is French/Gabon national; but has lived in many countries; ie France, UK, Ghana, Gabon, Kenya, Nigeria, Senegal, etc.

02/01/2019

Beginning of the new year comes with it new opportunities; we at LOFIN wish for a year of prosperity and good health for you and your loved ones in 2019.

Thank you for being part of LOFIN family, we’re committed to continuously serving you with care and priority. Thank you for your great support. Have a blessed 2019 !

23/11/2018

The Kenya Society; a not for profit and networking organisation recently hosted a reception for the new High Commissioner Amb Manoah Esipisu at Royal Overseas League, West End in London. LOFIN's CEO, Michael Monari was in attendance; and the occasion presented an opportunity to catch up with various LOFIN stakeholders. Photos; with Patrick Orr-Chairman Kenya Society, Amb Manoah Esipisu- Kenya's High Commissioner to UK, and other guests.

19/11/2018

With Prof Kate Rolls and Mohamed Meki at University of Oxford. The University of Oxford's Said Business School's values are similar to those of LOFIN.

19/11/2018

21/08/2018

LOFIN LAUNCHES A SACCO
The importance of savings can not be under stated as that makes one financially independent; and hence to have a reserve of funds for emergency, future investment or retirement. It is in that realization that the young LOFIN staff and some of our stakeholders have decided to set up Longitude Savings & Credit Cooperative Society(The Sacco). The Sacco’s membership is by invitation; and will mainly be on voluntary basis for savings and thereafter credits (loans) schemes. One of the pillars in training our SMEs and small businesses is that they must inculcate the ‘culture of saving’ in the course of their day to day lives. We are confident that The Sacco will go a long way to assist all the stakeholders address this important this important personal financial management agenda.

21/08/2018

LONGITUDE FINANCE VENTURES INTO CLEAN ENERGY FUNDING (SDG no 7) AND PARTNERS WITH MPAYG OF DENMARK
We are happy to announce a partnership between MPAYG (www.mpayg.com) and Longitude Finance(LOFIN) whereby our SME and small business clients will have access to the Solar Products which have been recently launched by MPAYG AS; a clean energy company from Copenhagen, Denmark.
M-PAYG is a provider of high-quality solar energy systems for the developing world. The systems allow off-grid low-income households and businesses to access solar energy through small-scale mobile repayments. To use the system you unlock it through weekly or monthly mobile repayments. LOFIN will not only assist in the distribution of the products and monitor repayments using mobile money/Block Chain technology across the country and soon East Africa; but will also provide loans (funding) to those SMEs and small businesses; who would like to out rightly acquire the equipment and accessories. We are excited with this unique partnership; as it is one of the Sustainable Development Goals- SDGs (no 7); access to clean energy to alleviate poverty; hence in line with our Mission and Vision of being in unique in serving the SMEs and small businesses with value add products to enhance their businesses and hence alleviate poverty.
Photo: Mr Michael Monari CEO LOFIN and Mr Asger Trier CEO & Co-Founder represented by Mr David Dizon CPO & Co-Founder of MPAYG after the signing of the Partnership.

15/03/2018

Prof Muhammad Yunus, founder Grameen Bank recently visited Kenya; and interacted with young people at Stratmore University here in Nairobi. We are pleased to have been associated with his visit; and Michael Monari CEO Longitude Finance(pictured with Prof Yunus) interacted with this guru of micro lending; picking up insights and lessons which LOFIN will replicate. Below his biodata and some of the great achievements Prof Yunus:
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Recipient of the 2006 Nobel Peace Prize, Professor Muhammad Yunus is internationally recognized for his work in poverty alleviation and the empowerment of poor women. Professor Yunus has successfully melded capitalism with social responsibility to create the Grameen Bank, a microcredit institution committed to providing small amounts of working capital to the poor for self-employment. From its origins as an action-research project in 1976, Grameen Bank has grown to provide collateral-free loans to 7.5 million clients in more than 82,072 villages in Bangladesh and 97% of whom are women.
Over the last two decades, Grameen Bank has loaned out over 6.5 billion dollars to the poorest of the poor, while maintaining a repayment rate consistently above 98%. The innovative approach to poverty alleviation pioneered by Professor Yunus in a small village in Bangladesh has inspired a global microcredit movement reaching out to millions of poor women from rural South Africa to inner city Chicago. His autobiography, "Banker to the Poor: Microlending and the Battle Against World Poverty," has been translated in French, Italian, Spanish, English, Japanese, Portuguese, Dutch, Gujarati, Chinese, German, Turkish and Arabic.
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15/02/2018

Our partners from Oslo, Norway paid Longitude Finance a visit to review the distribution of PAWA (solar) products. Messrs Jo Komeliussen, CEO & Co_founder and Hakon Moen,VP Technology, seen below with Michael Monari CEO. We are excited that the pilot funding project of the small businesses in Kabati, Kitui will commence on immediate basis; and LOFIN will be issuing small loans to enable the rural people buy the PAWA (www.pawa.it) solar products; and solve lack of electricity problem hence enhance their economic activity.