Update on BeatriceBeatrice has operated a business of selling palm leaves for thatching houses for the past one year. In addition she also sells firewood which earns her another source of livelihood. She sells to her neighbors and house constructors who come to buy from her.
With the Kshs 40,000 she wants to purchase palm leaves and add to her savings and purchase a motorcycle for a transport business. She dreams of expanding her business to earn more income and establishing a wholesale shop for selling palm leaves in the near future. Once more she appreciates the help.
Previous Loan DetailsBeatrice is a married woman with six children, two boys and four girls, one of whom still attends school. The family owns a house that has no electricity nor piped water. Beatrice's greatest monthly expenses are food, clothing and school fees. Beatrice operates a firewood sales business, sell... More from Beatrice'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