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Lydia

Update on Lydia

Lydia is taking a third Kiva loan for 70,000 KES. With the loan she is requesting, she intends to purchase an electric cutting machine for her butcher shop business. Lydia dreams of expanding her business to meet her customers' needs in the future.

Previous Loan Details

Lydia is a married woman with two children, both of whom attend school. She rents a house that has electricity and piped water. Her greatest monthly expenses are food and electricity bills. For over ten years, she has operated a butcher shop, selling to neighbours and food vendors. Lydia faces… More from Lydia's previous loan »

Additional Information

About Yehu Microfinance Trust

This loan is administered by Yehu Microfinance Trust, which was founded in 1998 as a project of CHOICE Humanitarian Kenya. In July 2007, Yehu became a separate entity from CHOICE and was registered as a trust. Since then, Yehu has expanded to cover over half of Kenya’s 13 coastal districts.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Kenya

  • $1,800
    Average annual income
  • 447
    View loans »
    Kenya Loans Fundraising
  • $38,327,075
    Funds lent in using Kiva
  • 101.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Lydia to purchase an electric cutting machine for her butcher shop.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2011
Listed
Oct 13, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012
This photo was used before for a previous loan for Lydia. It was first posted on Kiva on Nov, 2010. Learn More