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Saraveya

Update on Saraveya

Saraveya appreciates her previous loan that enabled her generate more profit by adding stock to her restaurant. She is grateful for the Kiva loan that has enabled her boost her restaurant business.

Saraveya is requesting a 50,000 KES loan to purchase 50 kilograms of rice, a bale of wheat flour, chicken, and maize flour for her restaurant.

Previous Loan Details

Saraveya works hard to support her family. She is married and has a restaurant business in Likoni, Kenya. Saraveya has requested a loan of 40,000 Kenyan shillings (KES) through Yehu Microfinance Trust to buy wheat flour, maize flour and more snack foods to sell in her restaurant. Saraveya has bee... More from Saraveya'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
  • 764
    View loans »
    Kenya Loans Fundraising
  • $42,304,775
    Funds lent in using Kiva
  • 87.4
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Saraveya to purchase rice, wheat flour, chicken, and maize flour.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2013
Listed
Aug 12, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014