Josphat operates a retail business where he sells cereals such as maize, beans, etc... His business is located within a busy area, and his primary customers are the general public. He describes his biggest business challenge to be stiff competition within the area.
He will use the KES 8,700 loan to buy a water tank to be used by his family members on household activities.
This is his second loan with SMEP DTM, after managing to successfully repay a loan of KES 30,000.
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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