Rehema operates a farm where she sells maize, beans, peas, etc. She has been involved in this business for five years. Her business is located at an agricultural area, and her primary customers are local residents. She describes her biggest business challenge to be insufficient funds for improving the business.
Rehema will use the KES 11,100 loan to buy a water tank that will be used by her family members for household chores. This is her seventh loan with SMEP DTM after taking a previous loan of KES 100,000, which she managed to pay successfully.
Her business goal is to buy land so as to increase her farming business within five years. She hopes that in the future, she will have diversified her business into livestock farming.
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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