She operates a retail store where she sells household items, such as sugar, salt, maize flour, cooking fat, bread, tea leaves, and sanitary towels. She has been involved in this business for eight years. Her business is located in a potential business area and her primary customers are local residents. She describes her biggest business challenge to be security within the area.
She will use the KES 21,000 loan to buy a water-harvesting tank which will be used by her four family members on household activities. Her business goal is to expand her business within five years. This is her first loan with SMEP Deposit Taking Microfinance Limited (SMEP DTM).
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.
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