Agnes is a 30-year old married mother of four children. She lives with her husband and children in Kisumu Kenya. Since 2002, she has sold essentials items such as bread, rice, flour, sugar, cooking oil, and so forth. Her hard work, perseverance, good reputation, and many years in business coupled with a well-established clientele base ensure that her business will continue to grow. She has applied for a loan of US $500. She plans to use part of the loan to purchase additional stock in bulk and to save part of it to use in case of unforeseen circumstances.
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.