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Catherine

Update on Catherine

Catherine is taking another Kiva loan of KES 40,000 to improve her business. With the loan she wants to fix water pipes in her house and purchase a blow dryer for her beauty salon business. She dreams of expanding her business and purchasing more equipment to meet her customers' needs. Her family's living standards have improved due to more income in the business.

Previous Loan Details

Catherine is a married woman with two children, one who attends school while the other is still young for school. She owns a house that has electricity and piped water. Her greatest monthly is food for the family. For the past two years, she has operated a beauty salon business; her potential ... More from Catherine'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
  • 810
    View loans »
    Kenya Loans Fundraising
  • $42,367,725
    Funds lent in using Kiva
  • 89.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Catherine to fix water pipes in her house and purchase a blow dryer for her beauty salon business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2011
Listed
Dec 5, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012
This photo was used before for a previous loan for Catherine. It was first posted on Kiva on Aug, 2011. Learn More