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Joseph
Joseph is a 34-year-old married man. He has two children, ages 2 and 6 years old. He describes himself as an honest man. He operates a retail business selling household items such as baking flour, tea leaves, etc. His business is located along a busy road and his primary customers are local residents. He describes his biggest business challenge to be insufficient funds for improving the business.

Joseph will use this 15,600 Kenyan shilling (KES) loan to buy a water tank to be used by his family for household chores. His business goal is to expand his business within five years. He hopes that he will expand his business in the future. This is his second loan with SMEP Deposit Taking Microfinance Limited after taking out a previous loan of 20,000 KES which he managed to repay 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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Kenya

  • $1,800
    Average annual income
  • 582
    View loans »
    Kenya Loans Fundraising
  • $39,225,400
    Funds lent in using Kiva
  • 87.5
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Joseph to buy a water tank.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 1, 2013
Listed
Jan 26, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014