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Asha

Update on Asha

Asha is still single and continues operating her shop. She is a teacher by profession and she is devoted to her work. Her cousin helps her in managing the shop when she is undertaking her official duties. Thanks for the growth of her shop; she has increased the quantity she purchases.

Asha tells us that her aim is to expand her business and open a wholesale business in future. Her inventory has gone down but she does not have enough capital to restock it. She is therefore requesting another loan so as to add stock of wheat and maize flour, and sugar.

Previous Loan Details

Asha is a single woman who lives in a rental house that has electricity but not piped water. Her greatest monthly expense is food and rent bills. For the past two years, she has operated a retail shop business, selling as retail to her neighbours and passersby. She faces a major challenge of h... More from Asha'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
  • 1187
    View loans »
    Kenya Loans Fundraising
  • $40,475,500
    Funds lent in using Kiva
  • 84.0
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Asha to add stock of wheat and maize flour, and sugar.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2012
Listed
Aug 22, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013
This photo was used before for a previous loan for Asha. It was first posted on Kiva on Sep, 2011. Learn More