Update on MwanashaMwanasha is a very hardworking woman who is dedicated to her job. She is happy since her business is doing well. She attributes this to the support she got from her previous loan from Kiva lenders. Thanks for this support; it has made her grow her business little by little. Today, Mwanasha is asking for another loan that will enable her expand her business, selling kerosene. The loan will be used to buy gallons of kerosene to sell.She is grateful to Kiva lenders for their support!
Previous Loan DetailsMwanasha has two children, one is in college and the other is married. She sells kerosene from her home, a business she has been doing for the past five years. Mwanasha dreams of opening a kiosk in future. Her other source of income includes sales from farm produce. She lives in her own house that… More from Mwanasha'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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