Dina is a 32 year old mother of nine children. She lives in one of the slums of Kisumu in Kenya and runs a community pharmacy in the area. She started her pharmacy in 2001 and the community knows her personally from her seven years of good work. Dina was trained by KMET as a community health worker and has also been providing home-based care services for people living with HIV/AIDS for these past seven years.
She sells her drugs at lower prices than her competitors and at times gives free drugs to clients who cannot afford them. Her highest selling products are painkillers, antimalarials, family planning drugs, allergy medications, drugs to treat ulcers, worms and skin infections, and various syrups for children to treat malaria and upper respiratory infections. Dina is applying for her fifth loan of $700 to further expand her pharmacy.
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.
Important InformationPlease 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.
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