Update on AgnesAgnes is from Tiribe, Kenya. She is applying for this loan for the fourth time after successfully paying her first loan as a scrap metal dealer. Agnes is the owner of a scrap store where she has been working for many years. She says that she is making headway with the business, attracting a good number of customers due to the fact that she always has a very well-stocked store.
She is a very enthusiastic person and wants to keep growing and investing in this business so that she can help with the household expenses.
Agnes is requesting a loan to expand her business territory and to travel to rural homes. She hopes to buy scrap metals at a cheaper price to widen her profit margin. She hopes to continue to provide her customers with a good variety of products and also attract new customers.
Previous Loan DetailsAgnes is a married woman and a mother of two children. She has sold scrap metals for 24 years. Agnes started her own business and is thankful for what she has. She likes her work a lot and has broad experience. This is Agnes's third cycle borrowing from YEHU MIRCROFINANCE. She says the… More from Agnes'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
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Jan 31, 2013
- Jan 31, 2013
- Currency Exchange Loss:
- Aug 17, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.