Update on AgnesAgnes is a very devoted woman who always looks for opportunities to get ahead in life. She has a great testimony for the great achievement she has had since she started receiving loans from Yehu and Kiva. The previous loan had a very substantive impact on both her business and her living standards.
Agnes is asking for a new loan to expand her business. She would like to buy bales of clothing, cosmetics, and other beauty products so as to meet her customer orders. She is sure to have more income out of this investment.
Previous Loan DetailsAgnes is applying for another loan to expand her existing business. She will use this 50,000 Kes loan to purchase more stock of clothes, bedsheets, reams of printing paper and mattresses for resale. In the future, Agnes aspires to continue improving her business. Since taking her last Kiva lo... More from Agnes'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