Update on MoreenMoreen is married and the mother of four children, all of whom are still in school. With four dependents, she owns an internet café where she provides different services. In addition, Moreen owns a motorcycle and has hired a gentle man to operate it. Her husband is a medical officer. Her customer base is large and diverse, composed of students and the general public.
With the goal of meeting customer demand and maximizing her profit, she has requested a loan to service her computers. Moreen would like to help pay for the education of her children and put money aside as savings. Her goal is to set up other businesses to increase her income.This is her third loan with both Yehu and Kiva. She is really grateful for the support given and she hopes to be applying for more loans so as to get ahead.
Previous Loan DetailsMoreen, a married mother of three boys and one girl, owns a house that has electricity but not piped water. Her greatest monthly expense is school fees. For the past three years, Moreen has operated a beauty salon and a cyber café. She also owns real estate which is her other source of income. Her… More from Moreen's previous loan »
About Yehu Microfinance TrustThis 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.
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