Update on MaryMary hopes to continue the success she has had since she started getting loans from Kiva and Yehu. She is thankful beyond words. Mary says that the previous loans have had a highly positive impact, not only on her business, but also on her standard of living. She is currently asking for a new loan to expand on her clothes-selling business. She will buy bales of clothes for resale. Mary has also been able to open a food stall, which is doing well.
Previous Loan DetailsMary is taking out another loan of Ksh 50,000 to invest in her boutique. With this loan, she plans to purchase clothes and beauty items for her boutique. The previous loan enabled her to expand her business and start a boutique. She says that she is progressing well and that she aspires to hi... More from Mary'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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