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Momo

Update on Momo

The desire to get ahead is a dream to most people, including Momo who has been selling clothes for some time. She is an active woman who has all the desired enterprising skills. She also currently runs a restaurant. Both businesses are doing well. She wants to make some improvements in her restaurants but she does not have enough working capital to do so. This loan will enable her to buy ingredients like wheat flour, corn flour, rice, beans etc. This way she will have the needed ingredients in stock to prepare what the customers want.

Previous Loan Details

Momo is taking out another Kiva loan of KES 40,000 to start a new clothes selling business. With the loan, she wants to purchase bales of clothes for resale. The previous loan had a lot of impact upon her business and her family is now living a better life and her children are gaining a good... More from Momo'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
  • 623
    View loans »
    Kenya Loans Fundraising
  • $39,851,750
    Funds lent in using Kiva
  • 85.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Momo to buy ingredients like wheat flour, corn flour, rice, beans etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2012
Listed
Nov 23, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013