Eunice is a 40-year-old mother of 6 children (2 in school). She lives with her husband at sagam village, Siaya District Kenya. She runs cereals and dairy farming businesses, initiated in 2002 and 2004 respectively. She normally buys dry maize in bulk during harvesting season, when prices are low, and sells in future when the price is high, thus making high profits. She supplements this with dairy farming where she is able to sell 20 litres a day. She applied for US $800 with which she plans to invest part of the loan to the purchase of cereals like beans and rice, and also buy local dairy breeds that can boost her daily milk production.
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.