Milka is a single mother of two children. She is 37 years old, and her children are 17 and 14 years old. They live in Nanyuki. Milka has been making pudding and blended juice, which she sells to her customers, and they enjoy them. She likes her job since it keeps her occupied and gives her good profit as well. This business helps her to cater for all the needs of her family.
Her challenge is that her blender broke down. With this loan, Milka will buy a juicer and more fruits, to meet the needs of her customers. This will boost her business, since she will be more effective and efficient in her services. She will use her profit to pay her loan and cater for her family.
This is Milka’s second loan, after she repaid her first on time. Her dream is to buy a plot of land and educate her children to university.
This loan is special because:
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About Kenya ECLOF:
ECLOF Kenya is a microfinance institution that provides financial and non-financial services to micro, small, and medium entrepreneurs in Kenya. It provides a variety of services in all sectors of the economy.
The organization is committed to supporting low-income students in Kenya. ECLOF Kenya is currently working on a higher education loan program to benefit low-income students. Kiva’s partnership is extremely important in providing a low-risk strategy for launching the student loan product and providing many students with opportunities they otherwise would not have access to.