Update on PurityPurity is an energetic, hard-working woman with many goals for the future. She is ready to do her very best, as she knows that only in this way will she be able to fulfill her dreams and achieve success. Purity is taking out a new loan to invest it in her existing business. She is thankful for the previous loans she had, as they enabled her to make improvements in her business and her home.
As every good business person does, she wants to see her business grow and also wants to undertake new investments. However, she doesn't have sufficient working capital, and that is why she is applying to Yehu for a loan that will allow her to buy staple grains, bread, flour, instant products, drinks, detergents, etc.
Purity has good payment references and is happy about the help she is getting. She is confident that she will be able to pay off her debt, just like she did with the previous loans, and at the same time she has faith that she will be able to bring financial security to her household.
Previous Loan DetailsPurity is applying for another loan to expand her current business. She will use this loan of KES 40,000 to purchase flour, soap and other essential goods. In the future, Purity aspires to continue improving her business. Since taking her last Kiva loan, Purity has been able to improve her… More from Purity'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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Success!! The loan was 100% repaid
- Repayment Term
- 16 months (Additional Information)
- Repayment Schedule
- Nov 2, 2012
- Nov 17, 2012
- Currency Exchange Loss:
- Feb 17, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.