Sophie Apiyo O. is a 28-year-old mother of two children, aged 5 and 3. Both are in school. She lives in the Manyatta slum where she sells food purchased wholesale from Kibuye market in downtown Kisumu. She is asking for a loan of 20,000 KSH and hopes to use it to open a depot for soda and chips. Because she has been selling food for so long, she wanted a change of pace. She wants KIVA lenders to know that she loves the work that K-MET does and hopes they continue to assist women who want to open businesses. She says one of the great benefits is that they send their children to school.
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.