She operates a retail business where she sells water to the community and cereals. She has been involved in this business for seven years. Her business is located at a densely populated area, and her primary customers are local residents. She describes her biggest business challenge to be rationing of water she provides to the customers.
She will use the KES 120,000 loan to pay for cementing the watering surface for the water tank
Her business goal is to buy several water tanks, so as to be providing clean water to the whole community in her area within five years. This is her fifth loan with SMEP DTM. Previously, Cathreen was selling clothes to the customers.
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.
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