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Mary

Mary is a 30 year old entrepreneur. She lives in Kisumu in Kenya with her husband and three school-age children. She set up a fruit and vegetable stall near her home early last year. Her hard work and determination have led to her success within this one year period. She manages her stall during the day and also offers hair dressing services to her established clients in the evenings.



Her profits pay the household expenses as well as her children's school fees. Mary plans to use the funds from her next loan of $600.00 to increase her stock of vegetables, establish a new beauty salon kiosk, and save the remaining amount to use in case of of emergencies.

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
  • 928
    View loans »
    Kenya Loans Fundraising
  • $41,750,050
    Funds lent in using Kiva
  • 61.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Mary to increase her stock of vegetables and establish a new beauty salon kiosk.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 27, 2008
Listed
May 13, 2008
Currency Exchange Loss:
Covered
Ended:
Dec 18, 2009