Update on NancyNancy is taking out another loan to expand her tailoring business. She says thanks for the previous loan that helped to increase her sales. She has a good credit reference and therefore can be entrusted with more loans. Nancy is a woman who always utilizes every opportunity it comes across. The new loan will enable her to buy more fabrics to make garments so as to settle the array of orders she currently has. She is sure to increase sales even as we approach the Christmas season.
Previous Loan DetailsNancy M. is a married woman with one child who attends school. She owns a house with electricity but no piped water. Her greatest monthly expenses are food, school fees and clothing. Nancy has been operating a tailoring business for the last ten years. She sells her wares from her home to her... More from Nancy'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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