Joseph is a hard-working 59-year-old family man. Married with 11 children, he lives in Nairobi, Kenya. His youngest child is 10 years old; though, he also lives with his three grandchildren who are all attending primary school. From the work he was doing as a driver, Joseph raised initial capital which he used to construct a few units of rental houses, built from corrugated iron sheets. Joseph wants to acquire two Fresh Life toilets which will serve his tenants, as well as his neighbors, for a nominal fee per use. From his expected return, Joseph hopes to increase the number of units for rental, as well as educate his children and grandchildren.
More information about this loan
Eight million people in Kenyan slums and 2.6 billion people worldwide lack access to hygienic sanitation. Sanergy aims to permanently reduce related disease in these areas by making sanitation accessible, affordable and sustainable. This social enterprise builds toilets under the “Fresh Life” brand, franchises them to local entrepreneurs, collects the waste and converts it into renewable energy and organic fertilizer.
Because Sanergy’s core business is not microfinance and its partnership with Kiva is unprecedented, these loans present some level of additional risk for lenders. Accordingly, we have not provided a risk rating for this partner.
This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit.
Sanergy is a social enterprise that combines technology, entrepreneurialism and a unique business model to provide safe, accessible and affordable sanitation products and services to slum residents across Kenya. Sanergy uses the flexible, zero-interest capital provided by Kiva lenders to offer loans to its network of toilet operators. The funding covers the upfront costs of the toilet purchase, enabling operators to pay back the loan over time with the revenue generated by the toilet.