Arthur Omienge's Group
A new chlorine dispenser program offers a solution to the burden of sickness caused by drinking unsafe water. The dispenser is installed at the local water source where users turn a valve to add chlorine to their jerricans and then collect water as usual. The chlorine disinfects the water and provides residual protection from re-contamination. In Got Kabindi, 70 households will benefit from having access to safe water through the dispenser. Arthur has volunteered to be the dispenser promoter and will be responsible for refilling the dispenser with chlorine and encouraging the whole community to treat their water in order to keep themselves and their families safe and healthy. There are four other volunteer promoters from the surrounding communities who are part of this group loan: Margaret, Florence, Roseline and Michael.
Got Kabindi village needs a loan to cover the costs of installing and maintaining chlorine dispensers in the area. Arthur believes that regular chlorine dispenser use will prevent water-borne diseases and keep his community healthy. Evidence Action (www.evidenceaction.org) will repay the Kiva loan on behalf of the community through the sale of carbon credits. Using the chlorine dispenser generates carbon credits by avoiding the need to boil water to make it safe to drink. Revenues from the sale of carbon credits to organizations and individuals wanting to reduce world carbon footprint will be used to repay Kiva lenders and to make sure that Arthur’s community can have access to safe water now and in the future.
About Evidence ActionThis loan is part of Evidence Action’s Dispensers for Safe Water program, providing rural communities with access to safe drinking water by installing chlorine dispensers where people collect water. The dispensers enable community members to treat their water with chlorine to make it safe to drink.
Kiva loans are used to finance the installation, maintenance and refilling of chlorine dispensers. Evidence Action provides dispensers as in-kind loans to communities, represented on Kiva by dispenser “promoters,” who will help educate their neighbors about the equipment’s use and benefits, and refill the dispenser with chlorine.
Instead of these loans being repaid by community members, Kiva lenders are reimbursed by the sale of carbon credits. These carbon credits are generated when households use chlorine dispensers to treat their water, because they no longer have to boil it over wood-burning fires that release harmful greenhouse gases. This change in behavior is monetized through the sale of carbon credits on the voluntary carbon market.
Here’s how it works:
1) Kiva borrowers grant the rights to carbon credits they generate to Evidence Action.
2) Evidence Action works with an organization called Impact Carbon to monitor, quantify and verify carbon credits, which can then be sold to individuals and organizations looking to reduce their carbon footprint.
3) Revenue earned from this sale is used to maintain dispensers and repay Kiva lenders.
This is the first time Kiva is financing loans that are repaid with carbon credit revenues. By supporting this loan, you’re joining an exciting experiment in using credit to fund carbon-reducing water projects. This also means that these loans may carry a significantly higher level of risk than typical Kiva loans.
To learn more about this model, read our blog post "A new way of thinking: Carbon as currency."
This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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This loan has been fully funded!