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Sauda

Update on Sauda

Sauda has been operating a retail shop for several years, selling a variety of basic products. Thanks to her determination, she was able to save and start a new business. Recently, she has selling food through a cafe. She sells breakfasts, lunches, dinners, and soft drinks. She plans to use the new loan to buy ingredients like wheat flour, cooking oil, food flavors, etc.

She is happy with the profits that her food business generates for her. She hopes to continue growing until she converts her business into a well-known restaurant in her town.

Previous Loan Details

Sauda, a single woman with one daughter who has graduated from school, owns a house that has neither electricity nor piped water. Her greatest monthly expenses are food and clothing for the family.

For the past three months, Sauda has operated a business selling kerosene from home to her… More from Sauda'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
  • 445
    View loans »
    Kenya Loans Fundraising
  • $38,313,825
    Funds lent in using Kiva
  • 85.4
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Sauda to buy ingredients like wheat flour, cooking oil, food flavors, etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 22, 2012
Listed
Nov 13, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013