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Teresiah
Teresiah is a married woman with four children. She describes herself to be motivated. She operates a farm where she keeps dairy cows that produce milk to sell. She has been involved in this business for 10 years. Her business is located in a good area and her primary customers are local residents. She describes her biggest business challenge to be a lack of funds. She will use the Kes 100,000 loan to buy tiles, cement, sand and other materials to build a toilet and a kitchen sink for family use and pay for labor. Her business goal is to own a big business within five years. She hopes that in the future, she will live a good life. This is her third loan with SMEP Micro finance Bank. Her previous loans 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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Kenya

  • $1,800
    Average annual income
  • 763
    View loans »
    Kenya Loans Fundraising
  • $40,271,975
    Funds lent in using Kiva
  • 87.7
    Kenya Shillings (KES) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,150 helped Teresiah to buy tiles, cement, sand and other materials to build a toilet and kitchen sink and pay for labor.
83% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2014
Listed
May 23, 2014
Currency Exchange Loss:
Possible