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Alice

Update on Alice

Alice has operated a kiosk business selling food at at an open air market to her local residents. She faces a major challenge of seasonality in her business. She dreams of establishing a shop in the future.

With the Kshs 40,000 she wants to purchase bundles of wheat flour, maize flour, sugar and cooking oil. She decided to join Yehu to access loans to boost her business and she appreciates the previous Kiva loan that helped her to boost her business.

Previous Loan Details

Alice is a single woman with five children; two attend school while three graduated from school. She owns a house that has electricity and piped water. Her greatest monthly expense is school fees. For the past four months, she has operated a business of cooking food for resale at an open-air m... More from Alice'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
  • 951
    View loans »
    Kenya Loans Fundraising
  • $42,866,450
    Funds lent in using Kiva
  • 83.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Alice to purchase sacks of vegetables, sugar, tea leaves, maize flour and cooking oil.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 4, 2013
Listed
Apr 27, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014
This photo was used before for a previous loan for Alice. It was first posted on Kiva on Sep, 2011. Learn More