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Mazera

Update on Mazera

Mazera is a hardworking woman.She comes to you for another loan of KES 80000 to continue operating a retail shop business, selling household consumables like wheat flour, maize flour, and sugar. She faces a challenge of lack of adequate capital to expand her business.

With the KES 80,000 she wants to purchase sugar, maize flour, soap detergents, and wheat flour. She decided to join Yehu to access loans to boost her business.

Previous Loan Details

Mazera is taking another loan of 50,000 KES to expand her existing business. With the loan, she will be able to purchase sugar, maize flour, wheat flour and rice. The previous loan increased her monthly income, and since then, her standard of living has improved. Mazera is so grateful to Kiva... More from Mazera'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
  • 855
    View loans »
    Kenya Loans Fundraising
  • $42,924,225
    Funds lent in using Kiva
  • 83.8
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Mazera to purchase sugar, maize flour, soap detergents, and wheat flour to sell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2013
Listed
Apr 24, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014