The overall objective of the Micro-Enterprises Support Programme Trust (MESPT) is to promote economic growth, employment creation and poverty alleviation through support to enterprises. MESPT works with intermediaries that provide financial or business development services to improve the performance… read more of enterprises. The aim is to strengthen financial intermediaries in order to establish a strong, stable, market-based micro-finance sector in Kenya.
What is MESPT?
Micro-Enterprises Support Programme Trust (MESPT) was established in November 2002 by the Government of Kenya, represented by the Permanent Secretary in the Ministry of Finance and the European Union to assume and continue with the activities of the Micro-Enterprises Support Programme (MESP), previously implemented also by the Government of Kenya and the European Union between 1997 and 2002. MESPT began operations in January 2003 and started by offering wholesale loans to financial organisations, including microfinance institutions, savings and credit cooperative societies and financial services associations, for onward lending to micro-enterprises. In 2012, the European Union relinquished its rights as a founder and passed those rights to the Danish Representation in Nairobi, Ministry of Foreign Affairs of Denmark (DANIDA), represented by the Head of the Danish Mission in the Republic of Kenya.