Peter, a resident of the Mukuru informal settlement of Nairobi, is a husband and father to two young children. With two shops in the community, he is a budding businessman. Peter's next aspiration is to own two Fresh Life toilets, which is why he has applied for a Kiva loan.
Peter would like to run two Fresh Life toilets because they are affordable, Fresh Life is a respectable brand in the community, and he would like to improve the sanitation of the environment in his neighborhood. Because he was never able to afford a formal education, Peter's dream is that profits from his Fresh Life business will enable him to pay for school fees for his children.
More information about this loan
Eight million people in Kenyan slums and 2.6 billion people worldwide lack access to hygienic sanitation. Sanergy aims to permanently reduce related disease in these areas by making sanitation accessible, affordable and sustainable. This social enterprise builds toilets under the “Fresh Life” brand, franchises them to local entrepreneurs, collects the waste and converts it into renewable energy and organic fertilizer.
Because Sanergy’s core business is not microfinance and its partnership with Kiva is unprecedented, these loans present some level of additional risk for lenders. Accordingly, we have not provided a risk rating for this partner.
This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit.
Sanergy is a social enterprise that combines technology, entrepreneurialism and a unique business model to provide safe, accessible and affordable sanitation products and services to slum residents across Kenya. Sanergy uses the flexible, zero-interest capital provided by Kiva lenders to offer loans to its network of toilet operators. The funding covers the upfront costs of the toilet purchase, enabling operators to pay back the loan over time with the revenue generated by the toilet.