Chanuka Support Group
They came together with the aim of assisting each other and also contributing money to pay for the group members' transportation to attend clinical services at Chulaimbo Rural Health Centre.
With time, more members joined the group. The group currently has 45 registered members although only 40 are active. The members have also been trained by K-MET in Nutrition Support, Home Based Care services, and IGA (income generating activity) Management. The group is run by the Executive which is comprised of the Chairperson, Secretary, Assistant Secretary, Organizing Secretary, and the Treasurer. Those who are willing to join the group are required to meet certain conditions including paying a registration fee. Members are involved in well-established income generating activities such as poultry keeping, dairy farming, cereal businesses, vegetable sales, and community pharmacies. Since HIV/Aids is a concern in this area and nutrition supplements have played a role in HIV/Aids management, the group has applied for US $4000 from K-MET to enable them to buy Nutriflour in bulk and sell it to the community.
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.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid