Update on MejumaaMejumaa, a food market operator, previously received a Kiva loan which she used to purchase bundles of wheat flour, vegetable oil, and baking powder for her dumpling-making business, expanding the possibility that new customers might come to her establishment, and this is exactly what happened.
Today she is very happy and for this reason she is applying for a new Kiva loan. With the new loan she will buy supplies for food preparation, such as rice, meat and oil. With this purchase she hopes to gain discounts for purchasing in cash and in greater volume, thereby reducing her costs and increasing her profits.
Since receiving her Kiva loan she has had a greater influx of customers and she has improved her family income. She says to her Kiva lenders, "Thank you for permitting me to improve my business."
Previous Loan DetailsMejumaa is married with three school-going children. She owns a house that has no electricity or piped water. Her greatest monthly expense is food for the family. For the past year, she has been operating a mahamri (dumplings) business from her home and sells them to her neighbors and passerby.… More from Mejumaa'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