Francis is a landlord in Nairobi's Sahuri moyo area. He has ten children and is an active community member. His rental houses do not have reliable sanitation facilities and the tenants have been complaining for awhile now. As a move to improve the situation, he seeks a loan to help him purchase and run two Fresh Life Toilets. He hopes that his tenants will be more comfortable upon installation of the facilities. He aspires to own more toilets in the future and help out those who face lack of sanitation facilities.
More information about this loan
Eight million people in Kenyan slums and 2.6 billion people worldwide lack access to hygienic sanitation. Sanergy aims to permanently reduce related disease in these areas by making sanitation accessible, affordable and sustainable. This social enterprise builds toilets under the “Fresh Life” brand, franchises them to local entrepreneurs, collects the waste and converts it into renewable energy and organic fertilizer.
Because Sanergy’s core business is not microfinance and its partnership with Kiva is unprecedented, these loans present some level of additional risk for lenders. Accordingly, we have not provided a risk rating for this partner.
This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit.
Sanergy is a social enterprise that combines technology, entrepreneurialism and a unique business model to provide safe, accessible and affordable sanitation products and services to slum residents across Kenya. Sanergy uses the flexible, zero-interest capital provided by Kiva lenders to offer loans to its network of toilet operators. The funding covers the upfront costs of the toilet purchase, enabling operators to pay back the loan over time with the revenue generated by the toilet.