Update on JoyceJoyce operates a cafe business, selling at the market to her neighbors and passersby. She faces a major challenge of stiff competition in her business. She dreams of expanding and establishing a restaurant business in the future.
She is taking out another loan of KES 50,000 to invest in her new café business and she wants to purchase wheat flour, maize flour and rice for food preparation in her cafe. She decided to join Yehu to access loans to boost her business and she appreciates the support given.
Previous Loan DetailsJoyce is taking another loan to invest in her new business of selling clothes. She sells her clothes to the general public in her shop. Since the last loan, her business is progressing well and her living standards have improved. The loan of KSH 50,000 will enable her to purchase bundles of clothes… More from Joyce'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