Update on FaidaFor the past years, she has operated a charcoal selling business and has sold cereals. She sells from home to her neighbors and passersby. Her major challenge in the business is high cost of transportation to her place of operation.
With the loan she is requesting of KES 30,000 she wants to purchase 20 bags of charcoal for resale and more cereals. She decided to join Yehu to access loans to boost her business and she appreciates the support granted.
Previous Loan DetailsFaida is an enterprising woman who is dedicated to her work and who has many goals she wants to achieve. She wants to earn herself a more prosperous future, and she will work until she achieves the success she wants so dearly. She is taking out a new loan to expand on her cereal selling business,… More from Faida'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