Rose O. is a 65-year old mother of three living children (she has lost four children due to HIV-related illness). Rose and her husband live in one of slums in Kisumu, Kenya. She has taken out and successfully repaid three previous microfinance loans from KMET. Rose began selling clothes door-to-door in 1995 and has since expanded her business. She used the funds from her first loan to open her own store and currently rents the shop (pictured) where she sells second-hand clothes. She also employs one person to help her run the shop and meet customer demands. Rose is also a community-health worker trained in home-based care by KMET in 2002. She is well-known within her community for her health-care work. Rose is requesting a loan of $500 to purchase more second-hand clothes for her shop.
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.