He will use the KES 85,000 loan to buy a water pump and pipes to pump water to his farm so that he can irrigate the crops. This will enable him to have sufficient water for irrigation. This will benefit his family of three and other friends of his family. He hopes that by doing irrigation, the economic situation of the family will change.
He hopes that in the future, he will use the maximum potential of his farmland. This is his second loan with SMEP DTM. His previous loan of KES 20,000 was repaid successfully.
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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