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Mwanasha

Update on Mwanasha

Mwanasha is applying for a subsequent loan, having successfully repaid the previous loan. She is grateful, for it helped her improve her business, increasing her income, which she then used to improve her living standard. Now, she has requested a new loan, amounting to KES 50,000, to buy bundles of clothes to resell.

Previous Loan Details

Mwanasha is a sociable, patient lady who likes helping other people. She’s widowed and has five children. She lives with her family in her own house in the rural community of Mwambalazi. She has a clothing-selling business, having started it to provide for her children. Her income is not enou... More from Mwanasha'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
  • 623
    View loans »
    Kenya Loans Fundraising
  • $39,245,700
    Funds lent in using Kiva
  • 87.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Mwanasha to buy bundles of clothes to resell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 12, 2013
Listed
Feb 18, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014
This photo was used before for a previous loan for Mwanasha. It was first posted on Kiva on Nov, 2012. Learn More