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Patronala

Update on Patronala

Patronala has a clothes stand in Likoni, Mombasa. Thanks to the high quality of products that she offers, she has been able to establish a good customer base and earn a good income. She says that she strives to move forward so that she can generate a little more income and have a retirement that is problem-free.

Patronala is requesting a loan to buy bales of clothes for resale and other types of products so that she can restock her inventory and meet the demands of her customers. She is grateful to Yehu Microfinance Trust and Kiva for the opportunity that has been given to her.

Previous Loan Details

Patronala is a married woman with two children, both of whom attend school. She lives in a rental house that has electricity and piped water. Her greatest monthly expenses are food and school fees. She operates a clothing business, selling at the market and to neighbors. Seasonality is a major… More from Patronala'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
  • 651
    View loans »
    Kenya Loans Fundraising
  • $39,170,550
    Funds lent in using Kiva
  • 87.6
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Patronala to purchase bales of clothes to sell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 21, 2013
Listed
Feb 23, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014