Update on MwanashaMwanasha has shown great responsibility in managing her business. She is taking out a new loan to make some improvements in her 'makuti' (thatching materials made from palm fronds) sales business. In addition, thanks to the profits she has acquired; she has been able to include coconut-selling to improve her income. Mwanasha is asking for this new loan to buy more 'makuti' and coconuts to sell.
Previous Loan DetailsMwanasha is applying for another loan to purchase domestic supplies that she needs for the holidays. She will use this 10,000 Kes loan to purchase bundles of wheat flour, maize flour and sugar. In the future, Mwanasha aspires to continue improving her business. Since taking her last Kiva loan,… More from Mwanasha'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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