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Claris

Update on Claris

Claris has operated a fruit and vegetable selling business selling at retail to her neighbors and town dwellers. She faces a major challenge of bulkiness of goods hence high cost of transportation.

She appreciates the previous Kiva loan which helped her to boost her stock. Here again she comes to you for another loan of Kshs 50,000 to purchase sacks of fruit and vegetables for resale. She decided to join Yehu to access loans to boost her business.

Previous Loan Details

Claris is a married woman with one child who attends school. She lives in a rental house that has electricity but no piped water. Her greatest monthly expense is water bills. She has operated a vegetable stall business for the past two years, selling at retail prices to her neighbors and passe... More from Claris's previous loan »

Additional Information

About Yehu Microfinance Trust

This 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.

About Kenya

  • $1,800
    Average annual income
  • 982
    View loans »
    Kenya Loans Fundraising
  • $40,408,475
    Funds lent in using Kiva
  • 85.1
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Claris to purchase sacks of vegetables and fruit to sell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 6, 2013
Listed
Jun 15, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014