This loan helps provide affordable, clean water tanks to women entrepreneurs in rural Kenya.
Cherehani's story
Sub-Saharan Africa is the only region in the world where more women than men become entrepreneurs, yet a $42 billion gender financing gap persists. In addition, 15 million Kenyans lack access to safe water.
Cherehani is a locally-founded, woman co-founded Kenyan fintech providing transformative productive asset financing (water tanks, sewing machines, livestock, irrigation systems) for underserved micro-entrepreneurs, primarily women. Cherehani combines technology with a human touch to provide affordable financing coupled with market information and financial education for women entrepreneurs in rural areas. They recently launched new products: school fee financing for families in rural Kenya; and dairy loans to purchase high milk-yielding cows alongside husbandry services, education, and climate-smart agriculture training.
Our loan will help finance water tanks for women entrepreneurs in rural Kenya, providing clean, reliable water supply for cooking, drinking, irrigation, and avoiding water-borne illness. Over 84% of customers report an increase in business income and 82% report funding an emergency account after receiving Cherehani’s loans.