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Margret is a 47-year-old married woman with five children. She ventured into retail trade in 1997 after consistent unpredictable rainy seasons in the area hence she could not raise enough food and income from her farm to take care of her family. She started a retail store trading in bicycles and bicycle spare parts. This idea was triggered by the poor means of transport used by the residents of her village at that time.

Margret has since diversified into motorcycle spare parts due to an increase in the number of motorcycles in the region, and she has plans to sell motorcycles in the near future. Margret was introduced to the solar lanterns which provide bright and safe lighting and come with a mobile charging function by BrazAfric green energy marketing team. Because of the recurring cost and health effects associated with paraffin which is the commonly used lighting fuel in her community, she saw an opportunity to boost her sales, increase productivity and raise the living conditions of people in the community.

Margret 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 to stock and sell to her community. Margret points out that she would buy some solar lanterns to use in her farm 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
  • 412
    View loans »
    Kenya Loans Fundraising
  • $50,225,025
    Funds lent in using Kiva
  • 86.4
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Margret to buy solar lanterns.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Nov 1, 2013
Oct 9, 2013
Currency Exchange Loss:
Dec 17, 2014