Alice Atieno O. has a strong desire to be self-reliant economically. That is why, after pursuing her training in tailoring, she decided to establish a tailoring business in the year 1998 in Nyamasaria where she is also a resident, to get income to realize her dream of economic dependency. She often purchases her stock once a month at Kibuye market in Kisumu.
As an entrepreneur, she has been very innovative and for this reason, she has been able to realize an influx of customers. She needs a large amount of stock to be able to meet their demands. Since she lacks enough capital to improve her business, she applied for a loan grant worth 15,000 from K-MET micro finance, which will be used to increase stock. She believes that with the loan she will be able to earn enough income to help her achieve her life objective of economic stability. She is 34 years old, married and a mother of four children.
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.