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Fatuma

Update on Fatuma

Fatuma is a merchant. She sells cashew nuts at one of the busy markets. She’s asking Yehu for a loan to invest in her cashew nut business in view of expanding it. She has requested a loan with both Yehu and Kiva and has successfully repaid it. With this second loan, she wants to buy sacks of cashew nuts for resale.

What Fatuma expects is to attract new customers taking full advantage of the location she has, which is at a strategic place in the market, a place that’s very busy, which is very beneficial because every day large numbers of people come to this big market.

Previous Loan Details

Fatuma is a married woman with three children, two of whom attend school. She owns a house that has neither electricity nor piped water. Her greatest monthly expense is food for the family. Fatuma is requesting a loan of KES 10,000 to start a cashew nut selling business. She wants to sell at the… More from Fatuma'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
  • 435
    View loans »
    Kenya Loans Fundraising
  • $38,192,375
    Funds lent in using Kiva
  • 84.0
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Fatuma to buy sacks of cashew nuts for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 22, 2012
Listed
Jul 13, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013
This photo was used before for a previous loan for Fatuma. It was first posted on Kiva on Dec, 2011. Learn More