Margaret Nancy A. is 39 years old and a happily married woman. She has three children whom she is assisting her husband in taking care of. Previously, she used to operate a fishing boat business but due to its demands in terms of time commitment, she decided to quit and start a new venture with a 14-seat passenger service vehicle in the year 2009.
Due to the business’ legal requirements, she has applied for a loan worth 30,000 Kenyan shillings to settle the log-book issue of her vehicle so that it can start its operation and generate income. Her future plan is to buy another passenger-service vehicle to broaden her income base and improve her livelihood.
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.