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Consolata
Consolata is a 54 year old entrepreneur and mother of six school-aged children. She lives with her family in Kisumu, Kenya. She began her current business of selling second-hand clothes in 2005. She specializes mainly in women’s clothing: skirts, dresses, and tops. She travels periodically to Nairobi, where she can purchase a good variety of merchandise at wholesale prices. The prime location of her business on a busy street, her many years of experience and friendly interaction with customers has enabled her to establish a solid clientele base.



Consolata is requesting a loan of $ 800 US to expand her business, invest in a trial stock of new ready-made clothes, and increase her stock of second-hand clothes.

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
  • 314
    View loans »
    Kenya Loans Fundraising
  • $38,138,825
    Funds lent in using Kiva
  • 61.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Consolata increase stock of used and ready-made clothes.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 7, 2008
Listed
Apr 20, 2008
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009