She operates a farm where she grows crops. She also has a grinding mill where she grinds maize to sell. Her biggest business challenge is a lack of funds to buy pumps for irrigation.
This is Judith's second loan with SMEP Deposit Taking Microfinance. Her previous loan, for 100,000 Kenyan shillings, was repaid successfully. She will use this loan, for 50,000 KES, to buy a water pump, water pipes and other accessories for irrigating her farm.
In the future, she hopes that she will maximize the productivity of the farm through irrigation.
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