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Saumu

Update on Saumu

Saumu earns a living by operating a retail shop, selling food to neighbors and passersby. She faces a major challenge in the form of competition from other retail shops that operate in her area. She is requesting a loan for Kshs 45,000 to buy bundles of wheat and maize flour, sugar and beans to sell to her customers. She dreams of expanding her business so that she can earn more income in the future.

Previous Loan Details

Saumu lives in Mwambalazi, Mombasa. She works everyday because her dream is to have a store that is well-known in her town. In order to do this, she sells household items to her customers. With this, she has managed to save and invest in another business that has provided her with the opportunity… More from Saumu'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
  • 452
    View loans »
    Kenya Loans Fundraising
  • $38,327,075
    Funds lent in using Kiva
  • 85.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Saumu to buy bundles of wheat and maize flour, sugar and beans to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2013
Listed
Jun 24, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014
This photo was used before for a previous loan for Saumu. It was first posted on Kiva on Sep, 2012. Learn More