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Naomi

Update on Naomi

Naomi is taking another Kiva loan of KES 40,000 to boost her existing business. With this loan, she intends to purchase a blow dryer machine, weaves and chemicals for her beauty salon business. The previous loan enabled her to expand and she has employed one person to work in her beauty salon business. She dreams of establishing another beauty salon business in the future.

Previous Loan Details

Naomi is a married woman with one child, who is currently in school. She lives in a rental house that has electricity and piped water. Her greatest monthly expenses are rent bills, electricity bills and clothing. She has been operating a beauty salon business for the past three years. Her po... More from Naomi'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
  • 947
    View loans »
    Kenya Loans Fundraising
  • $42,867,100
    Funds lent in using Kiva
  • 83.5
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Naomi purchase a hair dryer, weaves and chemicals.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2012
Listed
Feb 6, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012
This photo was used before for a previous loan for Naomi. It was first posted on Kiva on Feb, 2011. Learn More