Update on FatumaFatuma is still in her retail shop, which is doing very well. She is one person who always takes advantage of every opportunity that comes across. She thanks Kiva lenders for their mercy and kindness, to help people of low income. She testifies that the previous loan was of great help to her.
Fatuma is asking for another loan that will enable her to stock up her retail shop's merchandise, with items like flour, snacks, soft drinks, and basic grains. Her aim is to grow her business and, probably, hire some employees.
Previous Loan DetailsFatuma is a married woman who owns a house that has electricity and piped water. Her greatest monthly expense is food for her family. For over twenty-five years, Fatuma has operated a retail shop. Her major business challenge is the high cost of transportation. Fatuma is requesting a loan of 1... More from Fatuma'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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Success!! The loan was 100% repaid