Update on LuvunoLuvuno is an active person who enjoys the retail trade. For several years, she has been selling firewood, a business she still does to date. This business and the previous loan have provided her with reasonable results. Luvuno wants to expand this business but she does not have enough working capital to do this. It is for this business that she is asking for this loan to buy bundles of firewood to sell.
Luvuno strives to provide for the welfare of her family and to maintain the inventory of her business. She is grateful to Yehu and Kiva for the opportunity that has been given to her through this loan.
Previous Loan DetailsLuvuno is a married woman with four children, all of whom attend school. She owns a house that has neither electricity nor piped water. Her greatest monthly expense is food. She operates a firewood selling business, a vegetable stall and a workshop. Her potential customers are neighbors and… More from Luvuno'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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