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Bernard
Bernard A. is a 46-year-old entrepreneur who lives with his family in Nyalenda, one of the slums in Kisumu, Kenya. He is the very hardworking and industrious proprietor of a dressmaking business which he initiated in 1989. He specializes in making women's dresses and school uniforms. The location of his shop coupled with many years of doing good business within the community has earned him a good reputation and a wide customer base. With access to the KMET/KIVA loan he will be able to expand his business. He intends to open a new tailoring shop and buy more machines and an additional stock of dressmaking materials with the US $700 he has applied for.



Disclaimer: Due to recent events in Kenya, the security situation in many communities remains unsettled, affecting many local businesses. Lenders to this entrepreneur should be aware that this loan may represent a higher default risk, and should be willing to accept this additional risk in making their loan.

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
  • 922
    View loans »
    Kenya Loans Fundraising
  • $41,730,500
    Funds lent in using Kiva
  • 62.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Bernard open a new tailoring shop and buy more machines and an additional stock of dressmaking materials.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 13, 2008
Listed
Mar 29, 2008
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009