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Matogo

Update on Matogo

Thanks for the previous loan that helped her clear school fees for her son.

Matogo is still running her food stall, which she manages so diligently, as it has given her good results. She does not want to stop working so that she can be able to continue providing her family with basic needs. With this new loan, she will be able to buy ingredients for her food stall such as wheat flour, cooking oil, rice, beans and food flavorings. This way, she is assured of maintaining her customers as well as attracting more.

Previous Loan Details

Matogo lives in Msambweni, Kenya, with her husband and nine children. She owns a food stall located at the market. Matogo has been associated with Yehu Microfinance Trust for over two years and during that time she has seen her business grow thanks to loans from this organization. Matogo is re... More from Matogo'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
  • 980
    View loans »
    Kenya Loans Fundraising
  • $40,408,475
    Funds lent in using Kiva
  • 86.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Matogo to buy ingredients for her food stall such as wheat flour, cooking oil, rice, beans and food flavorings.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2012
Listed
Dec 21, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013
This photo was used before for a previous loan for Matogo. It was first posted on Kiva on Jun, 2012. Learn More