Check out some available loans that are similar to this one!
Michael
Michael is a married man. He has 5 children with ages ranging from 3 years to 14 years. He describes himself as a humble and caring man. He operates a retail store where he sells household items such as sugar, tea leaves, cooking oil, flour, bread, ground nuts, drinking chocolate, and so on. He has been involved in this business for 20 years. His business is located within a busy and area with much business potential, and his primary customers are local residents, He describes his biggest business challenge to be insufficient funds for improving the business. He will use the 8,700 KES loan to purchase a water tank, which will be used by the seven members of his family. His business goal is to run a wholesale shop within 5 years. This is his third loan with SMEP DTM. He previously took a loan of 40,000 KES, which he paid successfully.

Additional Information

More information about this loan

This loan is a part of SMEP's loan program to promote clean drinking water in partnership with Water.org. Called WASH (Water, Sanitation and Hygiene), this program offers three loan products:

1)      Loans designed to increase access to water. This includes financing for water tanks, water connections, water kiosks, pumps, filters, dispensers and catchment systems.

2)      Loans for sanitation improvements. This includes financing for the construction of bathrooms, toilets, septic tanks, soak pits, pit latrines, disposal units and incinerators.

3)      Loans for the drilling and construction of boreholes, shallow wells and water towers. This also includes the establishment and improvement of water treatment plants and chemicals.

WASH loan products carry greater risk than typical Kiva loans because they are used to fund non-income generating assets (in most cases), and therefore will need to be repaid with other sources of income. This income may already be contingent on other loans held by loan recipients.

About Kenya

  • $1,800
    Average annual income
  • 1033
    View loans »
    Kenya Loans Fundraising
  • $40,867,100
    Funds lent in using Kiva
  • 85.4
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Michael to purchase a water tank.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 30, 2012
Listed
Nov 20, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013