Update on HenryHenry is a 55-year-old married man. He has 8 children. He describes himself to be an optimistic man. He operates a farm where he sells maize, beans, paw paw and mangoes. He has been involved in this business for 30 years. His business is located in a conducive business environment and his primary customers are local residents. He describes his biggest business challenge to be insufficient funds for improving the business. His business goal is to improve the business within 5 years. He will use the 15,600 KES loan to buy a water tank which will be used by his ten family members on household chores. This is his second loan with SMEP DTM.
Previous Loan DetailsHenry is a 55-year-old married man. He has eight children with ages ranging from 11 to 25 years old. He describes himself to be a humble man. He operates a farm where he sells maize, beans, pawpaw and mangoes. He has been involved in this business for 30 years and employs two staff members. His b... More from Henry's previous loan »
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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