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Jeniffer

Update on Jeniffer

Jennifer is taking out another loan to expand her business further. This is after successfully repaying her previous loans. She has used her previous loans to expand her business but her customer range is keeping on increasing, and that why is she thinks the market is not fully utilized, hence she needs to expand the business. That is why she approached Yehu for the loan.

She is grateful to Kiva lenders and Yehu for providing loans to boost her business and change her living standards.

Previous Loan Details

Jennifer is a taking another Kiva loan to expand her business. With the Kshs 40,000 she wants to add stock to her beauty salon business and to purchase hair oil products and a blow dryer machine. She dreams of expanding her business to meet her customers' needs. Thanks to Kiva lenders and Ye... More from Jeniffer's previous loan »

Additional Information

About Yehu Microfinance Trust

This 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.

About Kenya

  • $1,800
    Average annual income
  • 607
    View loans »
    Kenya Loans Fundraising
  • $39,970,625
    Funds lent in using Kiva
  • 87.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Jeniffer to add stock to her business and to purchase hair oil products and a blow dryer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2013
Listed
Feb 2, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014