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Maridadi Women Group
In this Group: Alice, Elizabeth, Naomi Nyakaro, Mary Njoki, Mary Njeri, Jane Waithera
This is a group of women who majorly have small businesses e.g selling food by the road side, selling electricals and plastic wares within Huruma, a Slum in Nairobi. Alice the leader is a business lady who runs a roadside food stall. She is a mother of two children aged 24 and 16. Her 24 year old son helps in running the business while the 16 year old is in his first year in secondary school. The group members use charcoal for cooking. With traditional cook stoves, there is a lot of Indoor Air Pollution (IAP)which leads to respiratory diseases and also there is a lot of charcoal consumption by the traditional stoves.

Currently on average each member spends USD1.3 on charcoal everyday. The loan will enable them purchase high efficient cook stoves- ECO ZOOM that will save them up to 50% of their daily consumption on charcoal. These cook stoves also reduce smoke and carbon emissions from the charcoal thus creating a better and cleaner environment for their families.

The families will be able to save USD 0.65 daily from the reduced consumption on charcoal. This translates to USD234 every year for at least 5 years (lifetime of the cook stove). This money will be saved and used for other needs like paying for their children's school fees, paying rent and making their lives better.

Additional Information

More information about this loan

Living Goods is a non-profit organization headquartered in California with offices in Uganda and Kenya. Living Goods creates and trains networks of micro-entrepreneurs who go door-to-door teaching families how to improve their health and wealth in developing countries.
 
The entrepreneurs sell products like simple treatments for malaria and diarrhea, fortified foods, safe birthing kits, clean cook stoves and solar lights. These entrepreneurs also pass on important health information, and are able to improve their own health and wealth through selling the products.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

Tags

About Kenya

  • $1,800
    Average annual income
  • 971
    View loans »
    Kenya Loans Fundraising
  • $40,863,900
    Funds lent in using Kiva
  • 87.4
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A portion of Maridadi Women Group's $350 loan helped a member to pay for high efficient cook stove.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 3, 2014
Listed
Jun 24, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014