Margaret O. is a 49-year-old entrepreneur and mother of six school-aged children.
She lives with her husband in Kisumu, Kenya. She began her current business of selling second-hand clothes in the year 2000. She specializes in selling women's dresses, mosquito nets, towels, men’s shirts, casual wear and bed sheets. She periodically travels to Nairobi, where she is able to purchase a good variety at wholesale prices. The prime location of her business on a busy street, her many years in business and her friendly interaction with customers has enabled her to establish a good client base. Margaret plans to expand her business with her next loan of US $800.
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.