Update on SofiaSofia is a very hardworking person. She has already applied for a Kiva loan in the past, which she used to buy items for her store. She comments that the loan has been a great help to her, and it is for this reason that she is applying for a new loan.
She wants this loan in order to continue stocking her store with more products. Since her busy season is getting close, she wants to buy beverages, canned goods, food, and other items. She appreciates the opportunity that she is once more receiving, since this will enable her to grow and continue helping her family.
Previous Loan DetailsSofia is a single woman with one child who attends school. She owns a house that has piped water but not electricity. Her greatest monthly expenses are food and school fees. For the past six years, she has operated a retail shop business, selling in a shop to her neighbors and passersby. Her… More from Sofia'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