Update on SamiraSamira has operated a cashew nut-vending business for the past six years, selling at the market to town dwellers. She faces the major challenge of competition from other cashew nut sellers. She dreams to expand her business and start selling cereals in the future.
With this Kshs 50,000 loan, Samira wants to purchase 12 sacks of cashew nuts for resale to meet the demands of her customers. She decided to join Yehu to access loans to improve her livelihood, and she appreciates the support given.
Previous Loan DetailsSamira is a married woman with five children. Three of her children attend school, while two are still young for school. Samira owns a house that has neither electricity nor piped water. Her greatest monthly expense is food for the family. Samira has operated a cashew nut selling business for ... More from Samira'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