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Margaret is a 48-year-old married entrepreneur and mother of five children. She runs a cereal and grocery business in Migori, Kenya, a venture she initiated in 2001. Despite stiff competition, Margaret has seen her business grow over the years. This can be attributed to hard work, years of experience and her well-established client base. She sells a wide range of cereals including beans, dry maize, rice, millet and sorghum. The profit from the sale of these staple foods helps her pay for her children's school fees and other household expenses, especially during the slow season. She plans to use three quarters of her next loan of US $700 to purchase an extra stock of beans and rice and put the remaining amount into her savings account to use in case of unforeseen circumstances.

Disclaimer: Due to recent events in Kenya, the security situation in many communities remains unsettled, affecting many local businesses. Lenders to this entrepreneur should be aware that this loan may represent a higher default risk, and should be willing to accept this additional risk in making their loan.

Additional Information

Important Information

Please note that this Field Partner started working with Kiva before certain core risk and due diligence policies were put into place and therefore does not meet our current minimum risk criteria (K-Met has less than 1,000 borrowers and has not submitted recent audited financial statements to Kiva). K-Met is a unique microfinance organization that targets private health care providers and community health workers as a means to fulfill its mission of promoting development in underserved communities through innovative health and education programs. Private providers are given loans to upgrade their facilities and community health workers, who volunteer through K-Met, are given access to loan funds to grow their businesses and as a means of incentivizing them to remain involved in community health work with K-Met. Kiva was K-Met’s first external lender and the organization is rated a Kiva Star Rating of 1, which is the riskiest level. As a result of K-Met’s strong social mission and unique approach to microfinance and health, Kiva believes that loans to borrowers with K-Met may still be of interest to Kiva lenders, despite the increased risk, and has allowed the organization to continue fundraising on Kiva.

About Kenya

  • $1,800
    Average annual income
  • 782
    View loans »
    Kenya Loans Fundraising
  • $43,695,450
    Funds lent in using Kiva
  • 67.1
    Kenya Shillings (KES) = $1 USD