E. spent two years learning the art of dressmaking and has been offering her tailoring services within her community in Kisumu, Kenya since 1986. She specializes in women’s dresses and men’s shirts. Despite the stiff competition in her area, E. has always been able to keep old customers and attract new ones. She constantly updates her materials to keep up with the current fashions, offers a wide selection of patterns, and maintains a good stock to meet her customers’ demands.
She plans to supplement her income with small sales of beans and rice from her tailor shop. The profit from the sale of these staple foods, which require very little care, will help pay for school fees and other household expenses, especially during the slow season when orders are low.
Important InformationPlease 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.
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Success!! The loan was 100% repaid