Update on ConstanceConstance is applying for another loan to expand her existing business, selling building materials in her hardware store. She says that her business is doing very well as a result of her determination and the support of loans.
This is Constance's third loan with Kiva and she plans to buy bags of cement and other building materials. She is grateful to Kiva and Yehu for the support. Her aim is to remain in business so that she can have a prosperous future.
Previous Loan DetailsConstance is applying for another loan to expand her existing business. She will use this 80,000 Kes loan to purchase more bags of cement. In the future, Mwanakombo aspires to continue improving her business. Since taking her last Kiva loan, Constance has greatly improved her family’s… More from Constance'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