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Solomon
Solomon is a 42-year-old married man. He has two children. He operates a farm where he grows crops. He describes his biggest business challenge to be a water shortage. He will use the 95,000 KES (Kenyan shillings) loan to buy a water pump for pumping water into his farm. His business goal is to increase production within five years. This is his third loan with SMEP DTM. Previous loans of 20,000 KES and 40,000 KES were repaid successfully.

Additional Information

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.

About Kenya

  • $1,800
    Average annual income
  • 415
    View loans »
    Kenya Loans Fundraising
  • $38,141,300
    Funds lent in using Kiva
  • 87.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Solomon to buy a water pump for pumping water into his farm.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 28, 2013
Listed
Sep 23, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014