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Poor Kenyan farmers lack a system where they invest to increase their standards of living, because there credit worthiness is unfairly assessed in western terms. Vuwa Enterprise corrects this by assessing credit worthiness in untraditional and innovate ways that embrace the cultural context. We finance a house hold water storage-catchments system which help poor farmers increase their access to clean drinking water. During the payment period we collect information to build a Credit Score Report Card to help customers obtain credit from local banks.
Rainwater Catchments-Storage System: Vuwa Enterprise installs a 10-foot gutter system and a 100-litter storage tank. This allows farmers to capture and store rainwater. Our service officers visit weekly to pick up payments and provide a 6-month supply of Waterguard, which is a local water treatment product. Service officers teach our customers about waterborne diseases and the different ways to prevent them. Service officers also survey our customers, asking them about symptoms that are potentially caused by waterborne diseases. We do this to make sure that customers are using the Watergaurd correctly and to measure the impact of our product. After 6 months, Vuwa offers customers options to continue to finance more gutters on their houses or upgrade their storage systems to a 500-litter tanks.
Credit Score Report Card: The aim of this product is to increase cutomers acess to credit from local banks. Vuwa is able to gather 6 months worth of financial information about each customer eveytime they purchase a rianwater cacthments systems . Vuwa uses this information to create credit scores. We present this information through a physical card that we give to our customers after they have completed payments or have defaulted. Credit Score Cards presents basic information about the customer and the contact information of their loan officer. Vuwa customers can recieve up to a 5-star rating. This rating is determined by the customer’s timeliness on payments and whether or not the customer has paid the full amount. This product can help our customers recive more capital and lower intrest rates from local banks that Vuwa has partnered with.