Felister will use the KES 78,000 loan to buy a water tank, which will be used by her nuclear and extended family of 20 members. Her business goal is to be an onion distributor within five years.
This is her fourth loan with SMEP Deposit Taking Microfinance Limited (SMEP DTM). Previously, she took loans in the amounts of KES 20,000, KES 50,000 and KES 80,000, which she managed to successfully pay. She aspires to have a decent home with complete provision of water for the household activities.
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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Success!! The loan was 100% repaid