Update on BeatriceBeatrice is a very hardworking and enterprising woman who says that she has been able to greatly increase her income and help her family, thanks to her hard work.
She is asking for another loan of KSHS 15,000 to add to her stock of water for sale that will help her to invest back into her business. In addition, she has a fuel-selling business. She is grateful for the new support she has received.
Previous Loan DetailsBeatrice is taking out another loan to expand her business. She has been selling paraffin for some time which has earned her good results. She is intending to incorporate diesel selling in her business. This is the reason she is requesting a loan in the amount of 50,000 Kenyan shillings to purcha... 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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