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Carolyne
Carolyne is a 40-year-old entrepreneur. She lives with her husband and six of his children in Kisumu, Kenya. Carolyne runs a handicraft business with her husband that they initiated in 1990. The business is situated along a busy road often used by tourists. She uses locally available papyrus reeds that are found along the lake to make baskets, traditional seatts (selling prices ranges between US $55.55 to US $ 285.70) , caps and brooms used by the locals.

Her business has done quite well due to the added advantage of access to loan funds; she has combined the additional money with hard work and perseverance in order to increase her stock of items for sale and build a successful income-generating activity. Carolyne is proud of her accomplishments and now requires US $ 1000 to further expand her business.

Additional Information

Important Information

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.

About Kenya

  • $1,800
    Average annual income
  • 669
    View loans »
    Kenya Loans Fundraising
  • $39,170,550
    Funds lent in using Kiva
  • 62.9
    Kenya Shillings (KES) = $1 USD