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Nelius

Update on Nelius

Nelius is taking out another Kiva loan of 40,000 KES to start another business selling charcoal. With the loan, she wants to purchase sacks of charcoal as she anticipates an increase in demand for charcoal in the coming months because of the rainy season. She dreams of expanding her business to earn more profit in the future.

Previous Loan Details

Nelius is a married woman with three children. Two of her children are adults and one attends school. She has been operating a business selling fresh water, charcoal and green vegetables from her home to her neighboring community for the last year. She owns a house with electricity and piped wate... More from Nelius'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
  • 693
    View loans »
    Kenya Loans Fundraising
  • $42,245,400
    Funds lent in using Kiva
  • 85.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Nelius to purchase sacks of charcoal.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 4, 2012
Listed
May 29, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013