Update on MaryShe has a very good business that buys and sells chickens. She sells them to restaurants, diners and other entities; and thanks to the quality of her product, she is making headway.
Mary struggles to get ahead and help her family through her work. Her goal is to own a shop one day, and be able to attend to customers there. She is requesting a loan to buy chickens, to keep up her supply and stay in business.
Previous Loan DetailsMary is a 44-years-old married woman with 4 children, all of whom are in school. She operates a poultry business and has been doing this business for the last 5 years. With the Ksh. 50,000, she plans to buy chicks and chicken feed. She sells her products both from home and at the market, to… More from Mary'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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