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Josephine

Update on Josephine

Josephine runs a charcoal-selling business and requested another Kiva loan of 50,000 KES to establish a soap-making business and buy detergent products. She has been in this business for more than four years and is thankful for the improvement of her living conditions. She believes that the financial assistance will help her business. In the future, she will be successful as she continues to work hard.

Previous Loan Details

Josephine is a married woman with three children, all of whom attend school. She lives in a rental house that has electricity and piped water. Her greatest monthly expense is school fees. Josephine has operated a business selling charcoal for the past four years, selling from her home to her ... More from Josephine'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
  • 869
    View loans »
    Kenya Loans Fundraising
  • $42,385,525
    Funds lent in using Kiva
  • 87.4
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Josephine to buy detergents for soap making.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 15, 2013
Listed
Feb 16, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014