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Fatuma

Update on Fatuma

Fatuma is taking out a new loan to make a new investment. She is asking for a loan in the amount of Ksh 50,000 to expand her existing business. Fatuma will be able to buy bales of flour, detergents, cooking oils, and other basic products.
Her previous loan enabled her to improve her business and offer her customers a greater variety of products. She hopes that her new loan will assist her in increasing the size of her store, increasing sales, and will help her improve her living conditions.

Previous Loan Details

Fatuma, 26, is a married woman with two children, one of whom attends school while the other is too young for school. She owns a house that has neither electricity nor piped water. Her greatest monthly expense is food for the family. For the past three years, Fatuma has operated a retail shop bu... More from Fatuma'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
  • 1010
    View loans »
    Kenya Loans Fundraising
  • $43,094,450
    Funds lent in using Kiva
  • 85.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Fatuma to buy bales of flour, detergents, cooking oils, and other basic products.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 2, 2012
Listed
Nov 17, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013
This photo was used before for a previous loan for Fatuma. It was first posted on Kiva on Jan, 2012. Learn More