Update on FaidaFaida is an enterprising woman who is dedicated to her work and who has many goals she wants to achieve. She wants to earn herself a more prosperous future, and she will work until she achieves the success she wants so dearly. She is taking out a new loan to expand on her cereal selling business, which has been flourishing thanks for her determination and the previous loan that contributed to this growth.
Faida's business demand has gone up in the past few weeks and she wants to take advantage of this to make a new investment. This is why she is applying for another loan with Yehu to buy more cereals to re-sell. She is very happy with the help she has been offered and she assures that she will repay her debt just as she did the previous one. She is confident that she will give her family a full life.
Previous Loan DetailsFaida is a married woman with one child who is too young for school. Her husband is a businessman who contributes to providing for the family's basic needs. She lives in a rental house with electricity but not piped water. Her greatest monthly expense is food for her family. She has operated a… More from Faida'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
- 14 months (Additional Information)
- Repayment Schedule
- Oct 31, 2012
- Nov 23, 2012
- Currency Exchange Loss:
- Jun 17, 2013
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.