Update on AshaAsha is taking out another Kiva loan of 40,000 Kenyan shillings (KES) to boost her business. Her dream had always been to have a well-supplied general store in order to be able to generate more income and thus be able to have a better quality of life for her and her whole family. With her effort, work and dedication, she has succeeded, reaching her goals without any type of problem. Today, Asha has the shop she dreamed of and she is requesting this loan in order to be able to supply it with drinks, food products, vegetables, milk and more. She is grateful for this opportunity that she is receiving.
Previous Loan DetailsAsha is still single and continues operating her shop. She is a teacher by profession and she is devoted to her work. Her cousin helps her in managing the shop when she is undertaking her official duties. Thanks for the growth of her shop; she has increased the quantity she purchases. Asha tells… More from Asha'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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Success!! The loan was 100% repaid