Update on SaminSamin says that her store is a big help in the financial support of her home. Through this work, she has been able to educate her children and give them what they need. She says that her dream is to have a larger commercial facility so she can obtain more customers and increase her earnings.
Samin is asking for another loan in order to invest in the purchase of fruit, vegetables, groceries and other supplies in order to continue selling and providing her customers with what they are looking for.
Previous Loan DetailsSamin is so grateful to both Yehu and Kiva for the support given. Since the previous loan, Samin has a good testimony that her business has been doing well. Demand for more goods to offer has risen and she does not want to let her customers down. This is the main reason for her requesting a new… More from Samin'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