Alexander is a businessman based in Nairobi. He has a family of five children, and has one wife. He has, over the years, been able to maintain high customer standards in his hotel business and in turn, earned high yields and developed a need to expand his businesses as well as venture into new ones.
He wishes to diversify his investments, and therefore seeks a loan to help him put up and run two Fresh Life toilets.
He says that the franchise will grow to be a successful venture due to the great need for sanitation facilities in his area.
He plans to use the income from the franchise to repay his loan and expand it in order to improve sanitation standards. This to him will be a way of giving back to the community.
More information about this loan
Eight million people in Kenyan slums and 2.6 billion people worldwide lack access to hygienic sanitation. Sanergy aims to permanently reduce related disease in these areas by making sanitation accessible, affordable and sustainable. This social enterprise builds toilets under the “Fresh Life” brand, franchises them to local entrepreneurs, collects the waste and converts it into renewable energy and organic fertilizer.
Because Sanergy’s core business is not microfinance and its partnership with Kiva is unprecedented, these loans present some level of additional risk for lenders. Accordingly, we have not provided a risk rating for this partner.
This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit.
Sanergy is a social enterprise that combines technology, entrepreneurialism and a unique business model to provide safe, accessible and affordable sanitation products and services to slum residents across Kenya. Sanergy uses the flexible, zero-interest capital provided by Kiva lenders to offer loans to its network of toilet operators. The funding covers the upfront costs of the toilet purchase, enabling operators to pay back the loan over time with the revenue generated by the toilet.