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Patience

Update on Patience

Patience is returning for another Kiva loan of 80,000 KES. The previous loan had a great impact, as she was able to make good returns. With this loan, she wants to expand her existing business by purchasing washing detergents, wheat flour, maize flour, soft drinks, and cooking fat oil. She is grateful to Kiva lenders and Yehu microfinance for the opportunity.

Previous Loan Details

Patience has been a merchant for more than 10 years. She has a well-stocked store in her house, located in Samburu. Patience is a very hardworking and dedicated woman. She is married to Ronald and they have one child, thanks to the hard work and effort that they have put in each day to get ahe... More from Patience'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
  • 624
    View loans »
    Kenya Loans Fundraising
  • $39,836,925
    Funds lent in using Kiva
  • 83.9
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Patience to purchase washing detergents, wheat flour, maize flour, soft drinks and cooking fat oil.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 18, 2013
Listed
Apr 19, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014
This photo was used before for a previous loan for Patience. It was first posted on Kiva on Aug, 2012. Learn More