About us
Our Mission
Our journey began with a vision to support local entrepreneurs and families. Through dedication and community engagement, we have built a reputation for trust and reliability in financial services.
With each new initiative, Company kdafinance continues to innovate, offering tailored financial products while remaining committed to our mission of social impact and community development.
Empowering dreams through financial support.
With personalized support and innovative financial products, we create opportunities that transform lives and foster sustainable growth in communities.
Our services go beyond lending; we offer financial education and guidance to ensure our clients make informed decisions and build a brighter future.
About Us
Welcome to the Kayak Development Association (KDA), a non-profit organization dedicated to empowering communities through sustainable microfinance initiatives. Our mission is to provide financial support and resources to underserved individuals and small businesses, enabling them to thrive and build a more prosperous future.
At KDA, we believe that access to financial services should not be limited by geographic location or economic status. We work directly with individuals, families, and entrepreneurs in underdeveloped and emerging markets to offer affordable loans, financial education, and the tools needed to break the cycle of poverty. By fostering financial inclusion, we help create opportunities for economic growth and social development.
Our Focus Areas:
- Microloans: We offer small, accessible loans to entrepreneurs and small business owners to help them start or expand their businesses, contributing to local job creation and economic stability.
- Financial Education: We provide training and resources that teach essential financial management skills, helping individuals better manage their finances, plan for the future, and improve their economic well-being.
- Sustainable Development: Our approach is centered on long-term sustainability, ensuring that the projects we support have a lasting, positive impact on the communities we serve.
- Empowerment: We are committed to empowering marginalized groups, especially women and youth, through financial independence and the creation of entrepreneurial opportunities.
With a focus on integrity, innovation, and collaboration, the Kayak Development Association is creating a world where every individual has the opportunity to succeed and contribute to the growth of their community.
Join us in our mission to build a brighter future through microfinance. Together, we can make lasting change.
#EmpowerYourFuture
Loan Disbursement & Recovery Process Through NKS Points
KDA Microfinance (Kayak Development Association) offers inclusive microfinance solutions tailored to uplift individuals and communities. Our loan system operates on a unique NKS Points-based framework, which ensures transparency, accountability, and merit-based access to funds. The three main loan types offered under this system are:
- Micro Business Loan
- Micro Personal Loan
- Micro Group Loan
What Are NKS Points?
NKS Points represent a borrower’s engagement, financial discipline, and community involvement. Points are earned through consistent saving, attending financial literacy sessions, timely repayments, and active participation in Kayak programs. These points determine loan eligibility, amount, and repayment terms.
Loan Disbursement Process
1. Assessment & Eligibility
-
Fillup the application (Online/Offline)
- Submit: ID proof, Address proof, Bank statements, Business/Income proof.
2. Application Submission
- Members apply through their local NKS representative or our digital portal.
- Required documents include valid ID, income details, business proof (for business loans), and group agreements (for group loans).
3. Verification & Approval
- Applications are reviewed by a local Branch.
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Evaluation criteria include:
- Borrower CIBIL score
- Previous repayment history
- Nature of the loan purpose
- Approved applications are processed within 5–7 business days.
4. Loan Disbursement
- Funds are directly transferred to the borrower's Bank account/Cash.
- Loan agreement terms are clearly communicated and signed digitally or in person.
Loan Recovery Process
1. Repayment Schedule
- Repayment begins as per the agreed schedule: Daily, weekly, bi-weekly, or monthly.
- Borrowers receive reminders via SMS and their local NKS officer.
2. Monitoring & Support
- Dedicated recovery teams provide counseling and support in case of repayment difficulty.
- Adjusted payment plans may be offered under verified hardship situations.
3. Impact on NKS Points
- On-Time Repayment: Increases Borrower CIBIL score, improves creditworthiness, and access to higher loan limits.
- Late or Missed Payments: Late fine, Penalty, temporarily limits future borrowing, and may trigger group liability (in group loans).
4. Group Loan Special Terms
- All group members are jointly responsible.
- Timely repayment by all members to NKS Point or company.
- Default by any member may affect the group’s future borrowing ability.
Loan Type Highlights
| Loan Type | Max Amount | Key Use Case | Special Feature |
|---|---|---|---|
| Micro Business Loan | Varies | Small-scale enterprises | Business proof required |
| Micro Personal Loan | Varies | Emergency/Essential use | Income proof required |
| Micro Group Loan | Shared | Joint ventures/groups | Guarantor Income proof required |
Empowering Growth Through Trust
Our NKS Points system ensures that every borrower is treated fairly and rewarded for responsible financial behavior. By connecting microloans to a transparent point system, KDA Microfinance builds a sustainable path toward economic resilience and community empowerment.