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Penina is a 49-year-old married woman with five children and two grandchildren. She is a trained nurse and was working for the Catholic Church mobile clinics in her parish up to 2008, when she was laid off due the harsh economic conditions prevailing in Kenya at that time.

She started a retail shop dealing with household consumables in mid 2008 and registered the business in 2009. She later diversified into cereals trading due to the minimal profits from the household items.

Penina was introduced to the solar lanterns, which can provide safe lighting and come with a mobile charging function by our green energy marketing team. Because of the recurring high cost and health effects associated with paraffin, which is the commonly used lighting fuel around her remote area, she saw an opportunity to boost her sales, increase productivity and raise the living conditions of people in the community. She appreciates the benefits accruing from the use of solar lanterns, and with the Kiva financing option from Brazafric, she is seeking financing to purchase solar lanterns for stocking and reselling to her community.

Penina points out that she would buy some solar lanterns for her grandchildren to ease and increase their study sessions and also for her shop to increase her working hours.

Additional Information

More information about this loan

To make repaying loans more convenient for borrowers, Kiva will accept "bullet payments" -- single lump payments -- at the end of loan terms, rather than weekly or monthly payments. This gives BrazAfric the ability to tailor repayment schedules to individual clients.

This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit. 

Important Information

Aside from its newly-established Vendor Financing Department, BrazAfric’s core business is not microfinance or finance. Thus, there is some level of additional risk for lenders that does not exist with financial institutions. Kiva’s partnership with the company is unique and unprecedented. For this reason, Kiva has not assigned BrazAfric a risk rating.

About Kenya

  • $1,800
    Average annual income
  • 365
    View loans »
    Kenya Loans Fundraising
  • $50,273,275
    Funds lent in using Kiva
  • 87.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Penina tO BUY SOLAR LANTERNS.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Oct 11, 2013
Sep 18, 2013
Currency Exchange Loss:
Jun 21, 2014