Update on AshaAsha is a hardworking person. This is her second loan with Kiva. She used the previous loan to purchase charcoal for her shop, and this enabled her to serve her customers and also fill her orders. She says that she wants to continue working because this is the only way she can help her family and provide them with what they need to continue growing. She requests this loan to purchase sacks of charcoal, which will enable her to expand her product offerings and continue to meet customer demand. She is grateful for this new assistance.
Previous Loan DetailsAsha is requesting another Kiva loan of 40,000 KES to boost her charcoal selling business. With the loan she wants to purchase 20 sacks of charcoal for resale. Asha dreams of expanding her business to become a wholesale supplier in the future. Thanks to Yehu and Kiva lenders for providing her… More from Asha'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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