Pamela is a 43 year old entrepreneur and mother of seven children, who are all going to school. She lives in Kisumu, Kenya and began her current business selling second-hand and new clothes in 1996. She specializes in women's clothing, like skirts and dresses, as well as bed sheets. She periodically travels to Kampala in Uganda, where she is able to purchase a good variety at wholesale prices. The prime location of her business on a busy street, her many years of experience, and her friendly interaction with customers has enabled her to establish a good client base.
With this loan of $600, Pamela plans to expand her business by buying stock of new clothes.
Important InformationPlease 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.
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