Caren A. is a 50 year old widow with three children to care for. She has a weaving business where she makes and sells mats. She started this business in the year 2000 in Dunga Kisumu, Kenya after giving up selling vegetables as her only source of income to provide the school fees for her children and other basic needs.
She wishes to get a loan worth KSH 20,000 to be able to increase her stock as she intends to expand her business. Her dream is to build her own house and provide her children with a better education so that they can have a bright future.
Please note that this Field Partner started working with Kiva before certain core risk and due diligence policies were put into place and therefore does not meet our current minimum risk criteria (K-Met has less than 1,000 borrowers and has not submitted recent audited financial statements to Kiva). K-Met is a unique microfinance organization that targets private health care providers and community health workers as a means to fulfill its mission of promoting development in underserved communities through innovative health and education programs. Private providers are given loans to upgrade their facilities and community health workers, who volunteer through K-Met, are given access to loan funds to grow their businesses and as a means of incentivizing them to remain involved in community health work with K-Met. Kiva was K-Met’s first external lender and the organization is rated a Kiva Star Rating of 1, which is the riskiest level. As a result of K-Met’s strong social mission and unique approach to microfinance and health, Kiva believes that loans to borrowers with K-Met may still be of interest to Kiva lenders, despite the increased risk, and has allowed the organization to continue fundraising on Kiva.