Update on MasikaMasika is a charcoal vendor. She is a person with a lot of enthusiasm who is determined to get ahead, which is why she works so hard. She works from very early in the morning, selling charcoal to her neighbours.
She is requesting this loan in order to buy 30 sacks of charcoal. Bags of charcoal are what she most needs and sells every day.
Masika is grateful for this opportunity because it will help her to make progress.
Previous Loan DetailsMasika is grateful for a previous loan she received because it allowed her to buy more charcoal to sell to her customers. She is requesting a new loan for Ksh 20,000 to expand her business. She is the proud mother of two children and is determined to provide for both of them. Her goal for the… More from Masika'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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