Update on MajimboMajimbo is requesting a Kiva loan of Kes 20,000 to boost her general store business. The loan she is requesting will be used to increase her working capital and stock up her general store in order to satisfy her customers’ requests. This will allow her to earn a better income. Specifically, she will buy rice, sugar, oil, soap, coffee bags, shampoo, and matches to offer for sale.
Majimbo is grateful to Kiva lenders for the support they offer to small retailers with meager means so that they can be engaged in a dignified working activity.
Previous Loan DetailsMajimbo is 38 years old, married, and lives in coast province. She has a grocery store. She is requesting this loan to buy oil, a sack of rice, a sack of sugar, soap and balers of flour. With the help of this loan, she will be able to increase her business. She will make her purchases in the ... More from Majimbo'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