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Naomi

Update on Naomi

Naomi used her previous Kiva loan to buy merchandise such as wheat flour, maize flour, sugar and salt to stock into her retail shop. She’s now applying for a Kiva loan to expand her range of retail items and once again stock her display case. With the remaining amount, she intends to purchase iron sheets, roofing nails and timber to put up her permanent house.

Her message to Kiva lenders is the following: “I am very grateful for the opportunity you gave me to invest in my business; it’s something one wants you to be aware of and that you continue supporting us so that we can get far. I know that’s what I will accomplish.”

Previous Loan Details

Naomi is a single woman with three children, all of whom graduated from school. She owns a house that has neither electricity nor piped water. Her greatest monthly expense is food for the family. For the past eight years, she has operated a retail shop business, selling to her neighbors and pa... 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
  • 840
    View loans »
    Kenya Loans Fundraising
  • $42,925,925
    Funds lent in using Kiva
  • 83.9
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Naomi to add stock of items in her shop, and buy iron sheets , nails, and timber.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 29, 2012
Listed
Jul 23, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013
This photo was used before for a previous loan for Naomi. It was first posted on Kiva on Jul, 2011. Learn More