Janet O. is a 23-year-old married mother of three children. As a way of helping her husband in taking care of the family, Janet started selling cereals in 2008 which later gave birth to a clothing business.
Janet lives in Manyatta, Kisumu, and travels all the way to Nairobi to purchase clothes that she later sells in Kisumu. As for the cereals, she purchases them in the nearby Kibuye Market where she also happens to operate her business.
Janet admits that operating two businesses is not easy because a lot of time and resources are needed. She is working hard to ensure that she manages to achieve her dream of buying a piece of land where she will be able to build rental houses.
Because of her inadequate knowledge of business operation, Janet decided to join K-MET to learn ways of improving her business. It is there that she came to learn about Kiva loans and decided to request Ksh 20,000 so that she will be able to restock her business and hence expand it.
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.