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Luvuno

Update on Luvuno

Luvuno is an active woman who is dedicated to her work and has many goals that she wants to accomplish. Every day she strives to work persistently and lovingly because she knows that that is what it takes to achieve the success she desires. Luvuno says that the previous loan had a great impact on the welfare of her family.

Demand increased during the last sales month, so she wants to take advantage of this trend by making a new investment. For this reason, she is requesting a new loan to buy more goats, for her newly established goat meat business.

Previous Loan Details

Luvuno, 36, is a married woman with six children, all of whom attend school. She owns a house that has neither electricity nor piped water. Her greatest monthly expenses are food and school fees. For the past ten years, she has operated a cereals business, selling millet, sorghum, maize and b... More from Luvuno'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
  • 675
    View loans »
    Kenya Loans Fundraising
  • $42,246,850
    Funds lent in using Kiva
  • 85.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Luvuno to buy more more goats.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2012
Listed
Nov 20, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013
This photo was used before for a previous loan for Luvuno. It was first posted on Kiva on Feb, 2012. Learn More