Business innovation in action
Opportunity today for some of the UK team to spend time with the Micro Enterprise Development Committee and visit a number of the innovative businesses that are currently benefiting from small business loans.
For example Gerzon is running a public showers service, and his loan is enabling him to add latrines too. Improved sanitation is a valuable service in this community and at the same time this business is providing him with a sustainable livelihood.
The tour included a visit to an m-Pesa kiosk operated as a business by another of the loan beneficiaries. Here, Dave, one of the UK team members was able to deposit one of the latest loan repayments, helpfully demonstrating how easily loan repayments can be deposited into the MED bank account. For schemes like this to work successfully, they need to be easy and straightforwards to operate at a local level.