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Lydia

Update on Lydia

Lydia has always been known as a hardworking person who has gotten her family ahead with a lot of effort. Despite not having had a chance to go to school, she has worked at different things, always leaving a good impression because of her commitment.

Lydia is taking out a new loan to expand her clothes selling business. Thanks to having good sales and growth, Lydia is seeking a loan to buy more clothing and stock for her business to respond to her customers' orders. She says that her previous loan was of great help since she was able to have ready stock to sell.

Lydia hopes to make more and more income to offer her family a better quality of life.

Previous Loan Details

Lydia is a 60-year-old married woman with six children who are all working. Her husband, Alex, is a businessman who contributes to providing for the family's basic needs. She owns a house with neither electricity nor piped water. Her greatest monthly expense is food for her family. Lydia has ... More from Lydia'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
  • 656
    View loans »
    Kenya Loans Fundraising
  • $39,287,300
    Funds lent in using Kiva
  • 85.9
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Lydia buy clothes to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2012
Listed
Nov 27, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013
This photo was used before for a previous loan for Lydia. It was first posted on Kiva on Nov, 2011. Learn More